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Sender:
Matthew Scully
Date:
Tue, 7 Nov 2000 21:05:46
Re:
Fast bucks and palm trees

 

Fortunately, English Law has not followed Lord Denning's system of palm tree justice. We as lawyers are not ultimate arbiters of what is good and what is bad, what is moral and what is immoral. The sly opportunist who commits perfectly legal acts to make a "fast buck" should not suffer the condemnation of the law, simply because he has taken advantage of another's silliness. The law steps in to protect those who need its protection, through consumer protection legislation and the doctrine of undue influence for example. Outside of this, as the Romans would have it, vigilantibus non dormientibus jura subveniunt: the law does not protect the foolish. When Hoover offered a free transatlantic return flight for every £100 vacuum cleaner purchased, the vigilant consumers made them suffer financially for their foolishness and no-one would begrudge them this by requiring them to make restitution of their plane tickets. Why should we have any less praise for the cunning of ET, who spotted a foolish pricing procedure and decided to make the most of it? Why is FT so deserving of sympathy for having been so opportunistically duped? Let us not talk about right and wrong. Let us focus on what is legal and what is illegal.

 

Matthew Scully

Clifford Chance
Limited Liability Partnership
The views expressed are exclusively those of the author
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