Clause 52
Company Law Reform Bill [Lords]
6:30 pm
Paul Farrelly (Newcastle-under-Lyme, Labour)
Does the hon. Gentleman agree that if the amendment were to be accepted, apart from creating perhaps the longest and clumsiest sentence in a long Bill it would introduce a dangerous element of subjectivity by using the words “know” and “knowledge”? Those words could be prejudicial to future contracts, as people could have great scope to claim that they did not know something and therefore withdraw. The matter is best left to the courts on a case-by-case basis.