Clause 52
Company Law Reform Bill [Lords]
6:30 pm
David Howarth (Shadow Minister (Energy), Trade & Industry; Cambridge, Liberal Democrat)
I do not wish to go into the details of the law of contractual mistake, but the hon. Gentleman will find that that area has some relevance when it comes to dealing with the subjective knowledge of parties. If the matter is left to the courts, it will at some point be set out in rules of the kind to which he objects. It might be better to put into statute a solution that is workable all round. Given the Minister’s reply, however, and the Government’s intention that the matter will be left to develop in the courts, I beg to ask leave to withdraw the amendment.