Thursday January 23, 2020

Boozy pub deals may not survive a sober judge

Heavy drinking in the Horse and Groom pub in London led to a supposed promise of a £15m bonus by the unorthodox boss of Sports Direct, Mike Ashley

30th July, 2017
Mike Ashley, owner of Newcastle United and Sports Direct: deals made in drink may not always be legally binding

Over the last few weeks, one of the most colourful and unusual contract cases ever heard by the courts has been running in London to much media amusement. Last Wednesday’s judgment by the English High Court in the Mike Ashley case provides a timely warning to everyone about the dangers of not committing business agreements to writing.

Generally, a contract does not have to be in writing in order to be valid, and...

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