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The ongoing nature of reasonable endeavour obligations - are you aware of the consequences?

  • Hall & Wilcox
  • -
  • Australia
  • -
  • October 20 2009

The words all 'reasonable endeavours' are common additions to clauses in commercial transaction documents, and are often intended to provide comfort to parties who, at the time of a transaction, are unwilling or unable to commit fully to a particular contractual obligation

The James Hardie decision: implications for general counsel

  • Hall & Wilcox
  • -
  • Australia
  • -
  • August 25 2009

The recent New South Wales Supreme Court decision of Australian Securities and Investments Commission (ASIC) v Macdonald (No 11) 2009 NSWSC 287 (commonly referred to as the James Hardie decision) serves as a dramatic reminder of the importance of directors' duties in the operation of a board of directors