¹ In the UK, the poster child for this development has been Yam Seng v International Trade Corp Ltd [2013] EWHC 111 (QB), [2013] 1 All ER 1321. Prior to Yam Seng, there were a number of cases expressly referring to ‘relational contracts’: see eg Mayer v BBC [2004] UKEAT 0010_04_1009 at [20]; Dymocks Franchise Systems (NSW) Pty Ltd v Todd [2002] UKPC 50, [2002] 2 All ER 849 at [40]; Morrow v Safeway Stores plc [2001] UKEAT 0275_00_2109, [2002] IRLR 9 at [19], [24]; Johnson v Unisys Ltd [2001] UKHL 13, [2003] 1 AC 518 at [20]; Baird Textile Holdings Ltd v Marks & Spencer plc [2001] EWCA Civ 274, [2002] 1 All ER 737 at [16]; Total Gas Marketing Ltd v Arco British Ltd [1998] UKHL 22, [1998] CLC 1275 at 1286. Post-Yam Seng, cases which have mentioned the ‘relational contract’ concept include: Hamsard 3147 Ltd v Boots UK Ltd [2013] EWHC 3251 (Pat) at [83]; Bristol Groundschool Ltd v Intelligent Data Capture Ltd [2014] EWHC 2145 (Ch), [2014] All ER 117 at [175], [196]; C v T Borough Council [2014] EWHC 2482 (QB), [2015] ELR 1 at 13; Portsmouth City Council v Ensign Highways Ltd [2015] EWHC 1969 (TCC), [2015] BLR 675 at [85]; Braganza v BP Shipping Ltd [2015] UKSC 17, [2015] 1 WLR 1661 at [54], [61]; Globe Motors Inc v TRW Lucas Varity Electric Steering Ltd [2016] EWCA Civ 396, [2017] 1 All ER 601 at [65]; Apollo Window Blinds Ltd v McNeil [2016] EWHC 2307 (QB) at [22]; National Private Air Transport Services Co (National Air Services) Ltd v Creditrade LLP [2016] EWHC 2144 (Comm) at [134], [136]; BP Gas Marketing Ltd v La Societe Sonatrach [2016] EWHC 2461 (Comm) at [242]; Monde Petroleum SA v WesternZagros Ltd [2016] EWHC 1472 (Comm) at [250], [254], [259]; Ilkerler Otomotiv Sanayai ve Ticaret Anonim v Perkins Engines Co Ltd [2017] EWCA Civ 183 at [28]; Microsoft Mobile Oy (Ltd) v Sony Europe Ltd [2017] EWHC 374 (Ch) at [67]–[69]. A selected number of the more significant decisions are included in the discussion below.

² ‘The crux of the matter is that the relationship… is such that it has the propensity to generate norms, define or inform parties’ expectations, provide sources of reassurance, facilitate co-operation, create interdependence… over and above, indeed potentially instead of, what can be gleaned from the express terms of the contract…’, see Kimel, D ‘The choice of paradigm for theory of contract: reflections on the relational model’ (2007) 27 Oxford J Legal Stud 233 at 236Google Scholar.

³ Macneil's works are compiled in Macneil, IR The Relational Theory of Contract: Selected Works of Ian Macneil (Sweet & Maxwell, 2001)Google Scholar. Key articles include Macneil, IR ‘The many futures of contracts’ (1974) 47 Southern California L Rev 691Google Scholar; ‘Contracts: adjustment of long-term economic relations under classical, neoclassical, and relational contract law’ (1978) 72 Northwestern UL Rev 854Google Scholar; ‘Values in contract: internal and external’ (1983) 78 Northwestern UL Rev 340Google Scholar; and ‘Relational contract theory: challenges and queries’ (2000) 94 Northwestern UL Rev 877Google Scholar.

⁴ A full list of Macaulay's works can be found in Braucher, J, Kidwell, J and Whitford, WC (eds) Revisiting the Contracts Scholarship of Stewart Macaulay: On the Empirical and the Lyrical (Oxford: Hart, 2013) p xixGoogle Scholar. Oft-cited articles include Macaulay, S ‘Non-contractual relations in business: a preliminary study’ (1963) 28 Am Socio Rev 55CrossRefGoogle Scholar; ‘An empirical view of contract’ [1985] Wis L Rev 465; ‘The real and the paper deal: empirical pictures of relationships, complexity and the urge for transparent simple rules’ (2003) 66 Mod L Rev 44CrossRefGoogle Scholar.

⁵ A useful list can be found in Kramer, A Contract Law: An Index and Digest of Published Writings (Oxford: Hart, 2010) pp 190–192Google Scholar.

⁶ See the symposiums ‘Law, private governance and continuing relationships’ (1985) Wis L Rev 461, and ‘Relational contract theory: unanswered questions’ (2000) 94(3) Northwestern UL Rev 877Google Scholar.

⁷ See for example Campbell, D, Collins, H and Wightman, J (eds) Implicit Dimensions of Contract: Discrete, Relational, and Network Contracts (Oxford: Hart, 2003)Google Scholar; Deakin, S and Michie, J (eds) Contracts, Cooperation, and Competition (Oxford: Oxford University Press, 1998)Google Scholar.

⁸ Recent edited collections celebrating Macneil's and Macaulay's works include Campbell, D, Mulcahy, L and Wheeler, S (eds) Changing Conceptions of Contract: Essays in Honour of Ian Macneil (Palgrave Macmillan, 2013)CrossRefGoogle Scholar; and Braucher, Kidwell and Whitford, above n 4.

⁹ Vincent-Jones, P The New Public Contracting: Regulation, Responsiveness, Relationality (Oxford: Oxford University Press, 2006)CrossRefGoogle Scholar.

¹⁰ Mitchell, C Contract Law and Contract Practice: Bridging the Gap between Legal Reasoning and Commercial Expectation (Oxford: Hart, 2013)Google Scholar. For reviews see Campbell, D ‘Contract law and contract practice: bridging the gap between legal reasoning and commercial expectation’ (2014) 130 LQ Rev 526Google Scholar; Beale, H ‘Bridging the gap: a relational approach to contract theory’ (2014) 41 JLS 641CrossRefGoogle Scholar, and Gava, J ‘What we know about contract law and transacting in the marketplace – a review essay’ (2014) 35 Adelaide L Rev 409Google Scholar.

¹¹ Boyle, M ‘The relational principle of trust and confidence’ (2007) 27 Oxford J Legal Stud 633CrossRefGoogle Scholar; Brodie, D ‘How relational is the employment contract?’ (2011) 40 Ind LJ 232Google Scholar; Bird, RC ‘Employment as a relational contract’ (2005) 8 U Pa Journal of Labor and Employment Law 149Google Scholar.

¹² Milhaupt, CJ ‘A relational theory of Japanese corporate governance: contract, culture, and the rule of law’ (1996) 37 Harv Int LJ 3Google Scholar; Gilson, RJ ‘Controlling family shareholders in developing countries: anchoring relational exchange’ (2010) 60 Stan L Rev 633Google Scholar.

¹³ Scott, ES and Scott, RE ‘Marriage as relational contract’ (1998) 84 Virginia L Rev 1225CrossRefGoogle Scholar; Leckey, R ‘Relational contract and other models of marriage’ (2002) 40 Osgoode Hall LJ 1Google Scholar; Leslie, MB ‘Enforcing family promises: reliance, reciprocity, and relational contract’ (1999) 77 North Carolina L Rev 551Google Scholar.

¹⁴ CJ Circo ‘The evolving role of relational contract in construction law’ (2012) The Construction Lawyer 15.

¹⁵ Spencer, EC ‘Consequences of the interaction of standard form and relational contracting in franchising’ (2009) 29 Franchise LJ 31Google Scholar.

¹⁶ NM Davidson ‘Relational contracts in the privatization of social welfare: the case of housing’ (2006) Yale Law and Policy Rev 263.

¹⁷ Feinman, JM ‘The insurance relationship as relational contract and the “fairly debatable” role for first-party bad faith’ (2009) 46 San Diego L Rev 553Google Scholar.

¹⁸ EJ Leib ‘What is the relational theory of the consumer form contract?’ in Braucher, Kidwell and Whitford, above n 4.

¹⁹ Campbell, Mulcahy and Wheeler, above n 8, p 1.

²⁰ Scott, RE ‘The case for formalism in relational contract’ (2000) 94 Northwestern U L Rev 847 at 852Google Scholar.

²¹ Who added an exclamation mark, see Macneil (2001), above n 3, pp 383–384.

²² See for example Cimino, CF ‘The relational economics of commercial contract’ (2015) 3 Texas A&M L Rev 91 at 92Google Scholar.

²³ See for instance Mitchell, above n 10, particularly chs 6 and 7.

²⁴ Austen-Baker, R ‘Review: Changing Conceptions of Contract: Essays in Honour of Ian Macneil’ (2015) 32 JCL 293Google Scholar.

²⁵ Feinman, JM ‘Relational contract theory in context’ (2000) 94 Northwestern UL Rev 737 at 747–748Google Scholar.

²⁶ See for example RE Scott ‘The promise and peril of relational contract theory’ in Braucher, Kidwell and Whitford, above n 4.

²⁷ Ibid, pp 105–107.

²⁸ Macaulay, S ‘Non-contractual relations in business: a preliminary study’ (1963) 28 Am Socio Rev 55CrossRefGoogle Scholar, extracted in Braucher, Kidwell and Whitford, above n 4.

²⁹ Ibid, pp 3–12.

³⁰ R Gordon ‘Is the world of contracting relations one of spontaneous order or pervasive state action? Stewart Macaulay scrambles the public–private distinction’ in Braucher, Kidwell and Whitford, above n 4, p 59.

³¹ Beale, H and Dugdale, T ‘Contracts between businessmen: planning and the use of contractual remedies’ (1975) 2 British J of Law and Soc 45CrossRefGoogle Scholar; see also Lewis, R ‘Contracts between businessmen: reform of the law of firm offers and an empirical study of tendering practices in the building industry’ (1982) 9 J of Law and Soc 153CrossRefGoogle Scholar.

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³³ Bernstein, L ‘Opting out of the legal system: extralegal contractual relations in the diamond industry’ (1992) 21 J of Legal Stud 115CrossRefGoogle Scholar.

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³⁶ Bernstein, L ‘Beyond relational contracts: social capital and network governance in procurement contracts’ (2015) 7 J of Legal Analysis 561CrossRefGoogle Scholar.

³⁷ Ibid, at 562.

³⁸ Bernstein, above n 33, at 115.

³⁹ Bernstein, above n 34, at 1754.

⁴⁰ Ibid, at 1764.

⁴¹ See eg Dietz, T ‘Contract law, relational vontracts, and reputational networks in international trade: an empirical investigation into cross-border contracts in the software industry’ (2012) 37 Law & Soc Inq 25CrossRefGoogle Scholar.

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⁴³ Morgan, J Contract Law Minimalism: A Formalist Restatement of Commercial Contract Law (Cambridge: Cambridge University Press, 2013) p 218CrossRefGoogle Scholar.

⁴⁴ In later years, re-labelled ‘essential’ contract theory to distinguish it from other relational ideas (a re-labelling which has not caught on with most commentators) see Macneil (2001), above n 3, p 326.

⁴⁵ Ibid, pp 326–327, 311–313, 368.

⁴⁶ Ibid, p 367.

⁴⁷ Ibid, p 313.

⁴⁸ Scott, above n 26, p 106.

⁴⁹ Cross, FB ‘Law and trust’ (2005) 93 Georgetown LJ 1457 at 1501Google Scholar.

⁵⁰ Johnson, S, McMillan, J, and Woodruff, C ‘Courts and relational contracts’ (2002) 18 JLEO 221CrossRefGoogle Scholar.

⁵¹ Trebilcock, M and Jing, L ‘The role of formal contract law and enforcement in economic development’ (2006) 92 Virginia L Rev 1517Google Scholar.

⁵² Milhaupt, above n 12, at 40 (emphasis in original).

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⁵⁵ See eg Epstein, RA ‘The static conception of the common law’ (1980) 9 J Leg Stud 253CrossRefGoogle Scholar; Hathaway, OA ‘Path dependence in the law: the course and pattern of legal change in a common law system’ (2001) 86 Iowa L Rev 101Google Scholar; Benson, BL ‘The spontaneous evolution of commercial law’ (1989) 55 Southern Economic Journal 644CrossRefGoogle Scholar.

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⁵⁷ Atiyah, PS ‘Consideration in contract: a fundamental restatement’ in Atiyah, PS Essays in Contract (Oxford: Oxford University Press, 1988) pp 181–182Google Scholar.

⁵⁸ See Burrows, A A Restatement of the English Law of Contract (Oxford: Oxford University Press, 2016) p 62Google Scholar.

⁵⁹ Balganesh and Parchomovsky, above n 56, at 1281.

⁶⁰ Ibid, at 1248–1249.

⁶¹ Ibid, at 1288.

⁶² Donoghue v Stevenson [1932] UKHL 100, [1932] AC 562.

⁶³ Cavendish Square Holdings BV v Makdessi; ParkingEye Ltd v Beavis [2015] UKSC 67, [2015] 3 WLR 1373.

⁶⁴ Cavendish, at [29]–[32].

⁶⁵ Covey, RD ‘Rules, standards, sentencing, and the nature of law’ (2016) 104 Cal L Rev 447 at 450Google Scholar; see further Kaplow, L ‘Rules versus standards: an economic analysis’ (1992) 42 Duke LJ 557 at 559CrossRefGoogle Scholar.

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⁶⁷ Ibid, p 214.

⁶⁸ Collins, H Regulating Contracts (Oxford: Oxford University Press, 1999) p 52Google Scholar.

⁶⁹ Ibid, p 55.

⁷⁰ Sheehan, D and Arvind, TT ‘Private law theory and taxonomy: reframing the debate’ (2015) 35 LS 480 at 493Google Scholar.

⁷¹ Ibid, at 494.

⁷² Ibid, at 501.

⁷³ Ibid, at 497–498.

⁷⁴ Dagan, H ‘Doctrinal categories, legal realism, and the rule of law’ (2015) 163 U Penn LR 1889Google Scholar; see further Dagan, H Reconstructing American Legal Realism & Rethinking Private Law Theory (Oxford: Oxford University Press, 2013) chs 1 and 6CrossRefGoogle Scholar; see also Dagan, H and Heller, M The Choice Theory of Contracts (Cambridge: Cambridge University Press, 2017)CrossRefGoogle Scholar.

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⁷⁶ Ibid, at 1890–91.

⁷⁷ Some of the work which can be classified under this approach include Austen-Baker, R ‘A relational law of contract?’ (2004) 20 JCL 125Google Scholar; Campbell, D ‘The relational constitution of the discrete contract’ in Campbell, D and Vincent-Jones, P (eds) Contract and Economic Organisation: Socio-legal Initiatives (Aldershot: Darmouth Publishing, 1996)Google Scholar; Campbell, D ‘The relational constitution of remedy: cooperation as the implicit second principle of remedies for breach of contract’ (2005) 11 Texas Wesleyan LR 455Google Scholar; and H Beale ‘Relational values in English contract law’ in Campbell, Mulcahy and Wheeler, above n 8.

⁷⁸ Austen-Baker, above n 77, at 127–128.

⁷⁹ Ibid, at 128.

⁸⁰ Ibid, at 138.

⁸¹ [2016] EWCA Civ 553. See further, Davies, PS ‘Varying contracts’ (2016) 75 CLJ 455CrossRefGoogle Scholar.

⁸² Foakes v Beer [1884] UKHL 1.

⁸³ In MWB [2016] EWCA Civ 553, the court held that part payment of a debt yielded practical benefit in terms of immediate recovery of some of the outstanding sums, a chance of recovery of arrears in future, and the avoidance of the licensor's property remaining empty given the continued occupancy of the licensee, at [47].

⁸⁴ Austen-Baker, above n 77, at 143.

⁸⁵ Campbell (1996), above n 77, p 47.

⁸⁶ (1848) 1 Ex Rep 850.

⁸⁷ Campbell (2005), above n 77, at 463–467.

⁸⁸ Ibid, at 466–467.

⁸⁹ Ibid.

⁹⁰ Kraus, JS ‘Transparency and determinacy in common law adjudication: a philosophical defense of explanatory economic analysis’ (2007) 93 Virginia LR 287 at 320Google Scholar.

⁹¹ Dworkin, R ‘Hard cases’ (1957) 88 Harv L Rev 1057CrossRefGoogle Scholar.

⁹² Livesey v Jenkins [1984] UKHL 3. See further Burrows, A (ed) English Private Law (Oxford: Oxford University Press, 3rd edn, 2013) ch 8, para 8.190CrossRefGoogle Scholar.

⁹³ Campbell (1996), above n 77, p 50.

⁹⁴ Yam Seng [2013] EWHC 111 (QB) at [141]. See further, Whittaker, S ‘Good faith, implied terms and commercial contracts’ (2013) 129 LQ Rev 463Google Scholar; Campbell, D ‘Good faith and the ubiquity of the “relational” contract’ (2014) 77 Mod L Rev 460CrossRefGoogle Scholar; and Carter, JW and Courtney, W ‘Good faith in contracts: is there an implied promise to act honestly?’ (2016) 75 CLJ 608CrossRefGoogle Scholar.

⁹⁵ Yam Seng [2013] EWHC 111 (QB) at [141]–[142].

⁹⁶ Burrows, above n 92, para 8.193.

⁹⁷ Insurance Act 2015, s 3(4)(a) and (b) respectively. A full discussion of the disclosure principles under the Act is beyond the scope of this paper. For detailed commentary see Merkin, R and Gürses, O ‘The Insurance Act 2015: rebalancing the interests of insurer and assured’ (2015) 78 Mod L Rev 1004CrossRefGoogle Scholar; Merkin, R and Gürses, O ‘Insurance contracts after the Insurance Act 2015’ (2016) 132 L Q Rev 445Google Scholar.

⁹⁸ Cartwright, J Misrepresentation, Mistake and Non-Disclosure (London: Sweet & Maxwell, 3rd edn, 2012) p 817Google Scholar.

⁹⁹ Greenwood v Greenwood (1863) 2 DJ & S 28; see further Gordon v Gordon 36 ER 910.

¹⁰⁰ Ikerler Otomotive Sanayai ve Ticaret Anonim v Perkins Engines Co Ltd [2017] EWCA Civ 183 at [26]–[30].

¹⁰¹ See for example Burrows, above n 58, p 9: ‘For an agreement to be legally binding, it must be certain and complete’.

¹⁰² Hadfield, GK ‘Problematic relations: franchising and the law of incomplete contracts’ (1990) 42 Stan L Rev 927CrossRefGoogle Scholar.

¹⁰³ Ibid, at 927–928.

¹⁰⁴ [2010] EWCA Civ 485.

¹⁰⁵ Durham Tees Valley Airport Ltd v BMIBaby Ltd [2009] EWHC 852 (Ch).

¹⁰⁶ (1932) 147 LT 503.

¹⁰⁷ Durham Tees [2010] EWCA Civ 485 at [54].

¹⁰⁸ Ibid, at [60].

¹⁰⁹ Ibid, at [69], [79].

¹¹⁰ Mitchell, above n 10, p 258.

¹¹¹ Much attention has been devoted to the locus classicus in this regard, Walford v Miles [1992] 2 AC 128 and its (not necessarily filial) progeny, see discussion in E McKendrick ‘The regulation of long term contracts in English law’ in Beatson and Friedmann, above n 66.

¹¹² See for example Fujitsu Services v IBM United Kingdom Ltd [2014] EWHC 752 (TCC) at [141] where broadly worded ‘partnering principles’ in an agreement were described as merely a ‘vision’.

¹¹³ Recent examples include Compass Group UK and Ireland Ltd v Mid Essex Hospital Services NHS Trust Ltd [2013] EWCA Civ 200; TSG Building Services plc v South Anglia Housing Ltd [2013] EWHC 1151; Portsmouth City Council v Ensign Highways Ltd [2015] EWHC 1969 (TCC).

¹¹⁴ McKendrick, above n 111, p 305.

¹¹⁵ Ibid, pp 317–329.

¹¹⁶ Ibid, p 332.

¹¹⁷ Mitchell, C ‘Behavioural standards in contract and English contract law’ (2016) 33 JCL 234 at 235–236Google Scholar.

¹¹⁸ Ibid, at 243.

¹¹⁹ Yam Seng [2013] EWHC 111 (QB) at [137]. Leggatt J utilised both the traditional ‘business efficacy’ test as well as Lord Hoffmann's formulation in Attorney General for Belize v Belize Telecom Ltd [2009] UKPC 10 at 1993–1995 which sees the traditional criteria not as a series of independent tests, but as different ways of approaching what is ultimately always a question of construction. The current authorities appear to prefer the narrower traditional test, see Marks and Spencer plc v BNP Paribas Securities Services Trust Company (Jersey) Ltd and Another [2015] UKSC 72 at [14]–[32] (Lord Neuberger). Leggatt J declined to imply a good faith duty into all commercial contracts by law (see Yam Seng [2013] EWHC 111 (QB) at [131]), though it should be added that as between implying terms in particular contract and in all commercial contracts, there are multiple options for prescribing default rules of definable categories of contractual relationships. The more ‘disruptive’ option of introducing good faith as an ‘organising principle’ is discussed below.

¹²⁰ See Carter and Courtney, above n 94.

¹²¹ [2016] EWHC 2144 (Comm).

¹²² Ibid, at [135].

¹²³ [2016] EWCA Civ 396 at [67].

¹²⁴ The Court of Appeal held that the disputed motors did not fall within the scope of the contract, such that purchase from another party was not a breach of contract. The Court of Appeal also discussed the important issue of the validity of an informal contractual variation where the agreement has a ‘no oral variation’ clause, and held that this was possible, at [95]–[121].

¹²⁵ Globe Motors [2016] EWCA Civ 396 at [65]–[68].

¹²⁶ Ibid, at [69].

¹²⁷ [2014] EWHC 2145 (Ch).

¹²⁸ Ibid, at [196].

¹²⁹ [2015] EWHC 226 (QB).

¹³⁰ Ibid, at [174].

¹³¹ Ibid, at [176].

¹³² Ibid, at [175].

¹³³ Bhasin v Hrynew [2014] 3 SCR 495.

¹³⁴ Bhasin [2014] 3 SCR 495 at [61], referencing EA Farnsworth ‘Good faith performance and commercial reasonableness under the Uniform Commercial Code?’ (1963) 30 U Chicago L Rev 666; Macaulay, above n 4; Beale and Dugdale, above n 31; Goldwasser, V and Ciro, T ‘Standards of behaviour in commercial contracting’ (2002) 30 ABLR 369Google Scholar.

¹³⁵ Bhasin [2014] 3 SCR 495 at [63].

¹³⁶ Ibid, at [43]–[46].

¹³⁷ Ibid, at [73].

¹³⁸ Ibid, at [74].

¹³⁹ A recent commentary goes so far as to suggest that the upshot of a Bhasin-type intervention is not so much substantive as it is an ‘institutional tool for allocating law-making powers from private parties to courts’, allowing courts to ‘act more as legislators than adjudicating bodies’ by ‘establish[ing] a ratio that pre-empts the decision on the entire set of future cases falling within its scope and provid[ing] a prima facie solution to those cases’, see Bertolini, D ‘Decomposing Bhasin v Hrynew: towards an institutional understanding of the general organising principle of good faith in contractual performance’ (2017) 67 U Toronto LJ 348 at 407–408Google Scholar.

¹⁴⁰ [2016] EWCA Civ 789.

¹⁴¹ Ibid, at [45].

¹⁴² Ibid. Recent Canadian decisions have also struggled to contain Bhasin's reach, declining to use ‘good faith’ to constrain a vendor's right to terminate an agreement for the sale of property upon the purchaser's failure to complete timeously, where time was stipulated to be of the essence (Deangelis v Weldan Properties Inc 2017 ONSC 4155); to cast upon a purchaser an objective ‘best efforts’ obligation (over and beyond honesty) to find suitable financing for a property where suitability was stipulated to be at the purchaser's sole discretion (Gordon Nelson Inc v Cameron 2017 BCSC 1269); or to extend a contractual right of first refusal to cover dispositions not within the scope of the said rights, on their plain reading (Northrock Resources v ExxonMobil Canada Energy 2017 SKCA 60). On the other hand, Bhasin’s impact continues to be felt across the fabric of Canadian contract law, for instance in the consumer context where the duty of honest performance has been held to supplement liability for misrepresentation (Barker v McKerracher 2017 CarswellOnt 12243), and in the employment context where a good faith duty was breached by an employer during a grievance process, in falsely disclosing that there was no work for which the employee could be recalled, when the employer intended new hires (Re IAMAW, Local 99 and Leavitt Machinery General Partnership 2017 CarswellAlta 1285).

¹⁴³ Soyer, B and Tettenborn, AM ‘Mapping (utmost) good faith in insurance law – future conditional?’ (2016) 132 LQ Rev 618 at 637Google Scholar.

¹⁴⁴ Ibid, at 625–626.

¹⁴⁵ Ibid, at 626–627.

¹⁴⁶ Ibid, at 627–628.

¹⁴⁷ Ibid, at 628–629.

¹⁴⁸ Johnson v Unisys Ltd [2003] 1 AC 518 (HL).

¹⁴⁹ Ibid, at [20].

¹⁵⁰ MA Eisenberg ‘Relational contracts’ in Beatson and Friedmann, above n 66.

¹⁵¹ Macneil (2001), above n 3, at pp 378–380.

¹⁵² D Campbell ‘Arcos v Ronaasen as a relational contract’ in Campbell, Mulcahy and Wheeler, above n 8, p 163; D Campbell ‘What do we mean by the non-use of contract?’ in Braucher, Kidwell and Whitford, above n 4, p 184.

¹⁵³ Mitchell, above n 10, p 246.

¹⁵⁴ Section 994(1) of the UK Companies Act 2006 provides: ‘A member of a company may apply to the court by petition for an order under this Part on the ground— (a) that the company's affairs are being or have been conducted in a manner that is unfairly prejudicial to the interests of members generally or of some part of its members (including at least himself), or (b) that an actual or proposed act or omission of the company (including an act or omission on its behalf) is or would be so prejudicial’. For an overview of the regulatory background and case law, see Hollington, R Hollington on Shareholders' Rights (London: Sweet & Maxwell, 8th edn, 2016)Google Scholar.

¹⁵⁵ Means, B ‘A contractual approach to shareholder oppression law’ (2010) 79 Fordham L Rev 1161 at 1196Google Scholar.

¹⁵⁶ C Riley ‘Implicit dimensions of contract and the oppression of minority shareholders’ in Campbell, Collins and Wightman, above n 7, p 369.

¹⁵⁷ Means, above n 155, at 1196.

¹⁵⁸ Riley, above n 156, p 376.

¹⁵⁹ Law Commission Shareholder Remedies (Law Com No 142, 1996) para 2.11.

¹⁶⁰ Re a Company (No: 00477 of 1986) [1989] 5 BCC 82; Re Saul D Harrison & Sons plc [1995] 1 BCLC 14; O'Neill v Phillips [1999] 1 WLR 1092.

¹⁶¹ O'Neill [1999] 1 WLR 1092 at [7], cited in Re Quantum Survey Management Ltd [2016] EWHC 3084 (Ch) at [75].

¹⁶² Re BC&G Care Homes Ltd [2015] EWHC 1518 (Ch).

¹⁶³ Ibid, at [115].

¹⁶⁴ See for instance Re Astec (BSR) plc [1998] BCLC 556; Re Tottenham Hotspur plc [1994] 1 BCLC 655.

¹⁶⁵ O'Neill [1999] 1 WLR 1092 at [5].

¹⁶⁶ Law Commission, above n 159, para 2.12.

¹⁶⁷ O'Neill [1999] 1 WLR 1092 at [5]: ‘Conduct which is perfectly fair between competing businessmen may not be fair between members of a family’ (Lord Hoffmann).

¹⁶⁸ Rahman v Malik [2008] 2 BCLC 403.

¹⁶⁹ Ibid, at [119].

¹⁷⁰ Ibid, at [11].

¹⁷¹ Joffe, V et al. Minority Shareholders: Law, Practice and Procedure (Oxford: Oxford University Press, 4th edn, 2011) para 7.97Google Scholar.

¹⁷² See for instance O'Neill [1999] 1 WLR 1092; Shepherd v Williamson [2010] EWHC 2375 (Ch); Harris v Jones [2011] EWHC 1518 (Ch).

¹⁷³ See for instance Re Cumana [1986] 2 BCC 99; Croly v Good [2010] EWHC 1 (Ch); Sikorski v Sikorski [2012] EWHC 1613 (Ch).

¹⁷⁴ See for instance Re London School of Electronics Ltd [1986] Ch 211; Re Little Olympian Each-Ways Ltd (No 3) [1995] 1 BCLC 636; Re Cabot Global Ltd [2016] EWHC 2287 (Ch).

¹⁷⁵ O'Neill v Phillips [1999] 1 WLR 1092 at [6]; see also Riley, above n 156, pp 392–395.

¹⁷⁶ See for instance Tjio, H ‘An empirical look at the consequences of oppression actions in Singapore’ (2017) 17 J Corp L Stud 405 at 422Google Scholar.

¹⁷⁷ See generally Feinman, JM ‘Critical approaches to contract law’ (1983) 30 UCLA L Rev 829Google Scholar.

¹⁷⁸ Kennedy, D ‘Form and substance in private law adjudication’ (1976) 89 Harv L Rev 1685CrossRefGoogle Scholar.

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¹⁸⁰ Adams, JN and Brownsword, R ‘The ideologies of contract’ (1987) 7 LS 207Google Scholar; Brownsword, R Contract Law: Themes for the Twenty-First Century (Oxford: Oxford University Press, 2nd edn, 2006) ch 7Google Scholar.

¹⁸¹ Claims commonly associated with critical accounts, see (for an overview) Bix, B Jurisprudence: Theory and Context (Sweet & Maxwell, 7th edn, 2015) ch 19Google Scholar.

¹⁸² West, R Normative Jurisprudence: An Introduction (Cambridge: Cambridge University Press, 2011) ch 3CrossRefGoogle Scholar.

¹⁸³ Ibid, p 107.

¹⁸⁴ An attempt to distance relational theory from critical accounts is not helped by the fact that one of the classic statements of the critical position, Kennedy's ‘Form and substance in private law adjudication’, above n 178, makes a number of references to Macaulay and Macneil's bodies of work, for instance: ‘much of this article simply abstracts to the level of “private law” the argument of an article by Stewart Macaulay on credit cards’ (at 1686), referencing Macaulay, S ‘Private legislation and the duty to read – business run by IBM machine, the law of contracts and credit cards’ (1966) 19 Vand L Rev 1051Google Scholar.

¹⁸⁵ Bridge, M ‘Good faith, the common law, and the CISG’ (2017) 22 Uniform L Rev 98 at 103–104Google Scholar.

¹⁸⁶ Campbell, above n 152, p 138.

¹⁸⁷ Ibid.

¹⁸⁸ Kennedy, above n 178.

¹⁸⁹ Dagan, H Reconstructing American Legal Realism & Rethinking Private Law Theory (Oxford: Oxford University Press, 2013) p 50CrossRefGoogle Scholar.

¹⁹⁰ Ibid, p 7.

¹⁹¹ Rakoff, above n 66, p 221.

¹⁹² Arnold v Britton [2015] UKSC 36 at [15].

¹⁹³ Metlife Seguros de Tetiro SA v JPMorgan Chase Bank [2016] EWCA Civ 1248.

¹⁹⁴ Re Sigma Finance Corp [2009] UKSC 2.

¹⁹⁵ Metlife [2016] EWCA Civ 1248 at [87]–[89].

¹⁹⁶ Andrews, N ‘Interpretation of contracts and “commercial common sense”: do not overplay this useful criterion’ (2017) 76 CLJ 36 at 38CrossRefGoogle Scholar.

¹⁹⁷ [2014] EWHC 2482 (QB).

¹⁹⁸ Ibid, at [71]–[72].

¹⁹⁹ National Private Air [2016] EWHC 2144 (Comm) at [136].

²⁰⁰ Avalon Ford Sales (1996) v Evans 2017 NLCA 9.

²⁰¹ Ibid, at [26].

²⁰² Ibid, at [30]–[31].

²⁰³ National Private Air [2016] EWHC 2144 (Comm) at [135].