Directors Duties in UK Law

  • Bilta (UK) Ltd (in Liquidation) v Nazir
    • Supreme Court
    • 22 Abril 2015
    ...... then brought proceedings against, inter alia, its two former directors, Mr Chopra, who was also its sole shareholder, and Mr Nazir; and Jetivia ..., which involved Messrs Chopra and Nazir breaching their fiduciary duties as directors, and Jetivia and Mr Brunschweiler ("the appellants") ......
  • Madoff Securities International Ltd ((in Liquidation)) v Stephen Raven and Others
    • Queen's Bench Division (Commercial Court)
    • 18 Octubre 2013
    ......The first five defendants were the English directors of MSIL. The sixth to eighth defendants (Mr Madoff's brother and two sons) ... of the directors of MSIL was in breach of contractual and fiduciary duties owed to MSIL, in that they knew that the "research" for which Mr Madoff ......
  • Meyer v Scottish Co-operative Wholesale Society
    • House of Lords
    • 24 Julio 1958
    ......Moreover, of the five directors of the company three were at all material times nominees of the Society, ...Meyer and Mr. Lucas] in the performance of their duties as Joint Managing Directors shall promote and safeguard the Company's ......
  • HM Revenue and Customs v Holland; Re Paycheck Services 3 Ltd
    • Supreme Court
    • 24 Noviembre 2010
    ......It was alleged that Mr and Mrs Holland were de facto directors of 42 insolvent companies of which HMRC is the only creditor, and that ... (3) Whether the correct remedy for any breach of Mr Holland's duties as a director not to cause the companies to make unlawful payments of ......
  • Eclairs Group Ltd and another v JKX Oil & Gas Plc
    • Supreme Court
    • 02 Diciembre 2015
    ......In 2013, the directors of JKX perceived that it had become the target of a raid by two companies, ... 2 of the Companies Act 2006 codified for the first time the general duties of directors. The proper purpose rule is stated in section 171(b) of the ......
  • Rolled Steel Products (Holdings) Ltd v British Steel Corporation
    • Court of Appeal (Civil Division)
    • 11 Junio 1984
    ...... under the Companies' Acts and the powers and authority of their directors. Section 9(1) of the European Communities Act 1972, which may be important ...would involve a breach of the duties of R.S.P.'s directors. . . 15 I return to the summary in the Law ......
  • Stone and Rolls Ltd ((in Liquidation)) v Moore Stephens (A Firm)
    • House of Lords
    • 30 Julio 2009
    ...... a duty to exercise reasonable skill and care in carrying out their duties as auditors. For purposes of the present argument they also accept that ... Standards require auditors who have reason to suspect that the directors of a company are behaving fraudulently to draw this to the attention of ......
  • Boulting v Association of Cinematograph, Television and Allied Technicians
    • Court of Appeal
    • 04 Febrero 1963
    ...... Roy Boulting are brothers who have ever since 1939 been managing directors of a film production company called Charter Film Productions, Ltd. Each is ...Their duties include the production and direction of films and the writing of stories ......
  • Bank of Credit and Commerce International (Overseas) Ltd v Akindele
    • Court of Appeal (Civil Division)
    • 14 Junio 2000
    ......, Hafeez and Kazmi acted in fraudulent breach of their fiduciary duties to the claimants; see p. 678C-E. No attempt was made on behalf of the ... of Belmont's money and was in breach of the duties of the directors of Belmont. £489,000 of the £500,000 so misapplied found their way into ......
  • Barlow Clowes International Ltd ((in Liquidation)) and Others v Eurotrust International Ltd (No 2)
    • Privy Council
    • 10 Octubre 2005
    ......The principal directors were Mr Peter Henwood and Mr Andrew Sebastian. In proceedings in the ... or else belonged to the company and was subject to fiduciary duties on the part of the directors. In either case, Mr Clowes and Mr Cramer ......
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