de Facto Director in UK Law
- Director of Corporate Director not a De Facto Director
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Individual refers FCA decision to Tribunal
Charles Llewellen Palmer, CEO of Standard Financial Group Limited and a director and de facto CEO of Financial Limited and Investments Limited, has referred an FCA decision to the Tribunal. FCA con......... Llewellen Palmer, CEO of Standard Financial Group Limited and a director and de facto CEO of Financial Limited and Investments Limited, has ......
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When is a Director Not a Director? The Supreme Court Enters the Fray
...When will a director of a corporate director be a de facto director of a subject company? This was the £13 million question for Mr Holland, a director of Paycheck (Director Services) Ltd which was the ......
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De Facto Directors In The Spotlight
...... As a reminder, a de facto director is a person who is not appointed as a director of a company, but who carries out the work of a director and is considered by the board to be a ......
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Holding company directors potential liability as director of subsidiaries?
...... to the company which appoints him apply equally to someone who has not been formally appointed but who nonetheless acts as a director (a "de facto director"). Company and insolvency law also impose liability on a "shadow director", where the actual directors of a company are accustomed to act ......
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Popely v Popely
...... to coverage on many D&O notifications (1) Is the individual a Director, despite not being registered as such at Companies House; and (2) How do ... fraudulent and in breach of fiduciary duty to Casterbridge (as a de facto director). The claim ultimately failed due issues with limitation, the ......
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Appeal Court Guidance On De Facto Directors
...Keywords: appeal court, de facto directors. Another attempt to have an individual found liable as a de facto director of a company that has sustained losses has failed. In Smithton v Naggar1, the Court of Appeal has agreed with the trial judge that Mr Naggar was not ......
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De-Facto Directors: Case 1: Re Snelling House: Directors' Misfeasance
...The law allows any person to be treated as a director even though that person has not been formally appointed as a director. Such directors are known as de-facto directors. By contrast, a de jure ......
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Why Charity Trustees Face Unseen Hazards
...... chief executive, who is accused by the government of being a 'de facto director', despite not sitting on the board. The proceedings will be ......
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News Digest
...... In Lindsay v O'Loughnane (2010) the defendant was a director of two currency conversion companies. The claimant entered into a number ... When Is A Director Of A Corporate Director Company A De Facto Director Of Subject Company. In Holland v HMRC (2010) the Supreme Court ......
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