Shadow Director in UK Law

  • Acting Behind The Scenes: High Court Confirms Duties Of Shadow Directors
    • JD Supra United Kingdom
    In Standish & Ors v The Royal Bank of Scotland Plc & Anor (the “Judgment”), the High Court confirmed that the duties owed by a shadow director are limited to the subject matter of their instruction...
    ...... In Standish & Ors v The Royal Bank of Scotland Plc & Anor (the “Judgment”),[1] the High Court confirmed that the duties owed by a shadow director are limited to the subject matter of their instructions. This alert is particularly relevant for distressed companies and their shareholders, as well ......
  • The Deverell Case: A Shadow Of Doubt
    • Mondaq UK
    ...The concept of the shadow director is relevant in the context of company law and taxation. Shadow directorship can bring financial liabilities and disqualification for the shadow ......
  • Are You A Director Of A Company? Who Is Calling The Shots?
    • Mondaq UK
    ...... that is a shareholder who continually wants the board to follow their way or no way? It is likely that such an individual will be held to be a Shadow Director!.  . A director is defined under s.250 of the Companies Act 2006 (CA06) as "any person occupying the position of a director by whatever ......
  • Buying A Property Overseas: An Update
    • Mondaq United Kingdom
    ...... UK tax charge on the basis that the individual was acting as a director or shadow director, and the company was making the property available to ......
  • Living In The Shadows
    • Mondaq United Kingdom
    ...Are shadow directors an issue for schools? The governors of an independent school are ...Even if a person has not been appointed as a company director, he or she may still be treated as a director by the courts if he or she ......
  • Holding company directors – potential liability as director of subsidiaries?
    • Mondaq UK
    ...... 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 in accordance with the shadow director's directions or instructions.  In ......
  • Guest Post: The Director Risks Posed by a UK Subsidiary
    • LexBlog United Kingdom
    Because I am based in the United States and because my experience has been concentrated in the U.S., my focus in this blog has primarily been on issues and developments in the U.S. — although I do ...
    ...... Shadow Directors Under section 251 Companies Act 2006, a shadow director is a person in accordance with whose directions or instructions the directors of a ......
  • UK Tax Insolvency Reforms
    • Mondaq UK
    ......'s conduct, or benefited from it, when the individual was a director or shadow director of the company, or a participator in the company; or ......
  • Directors' Duties: Private Equity Responsibilities To Portfolio Companies
    • Mondaq UK
    ......(including management) or employees. Shadow directorship is a further potential means by which. certain duties and ...individual or an entity) may be considered a shadow director of a. portfolio company if the portfolio company is accustomed to acting. ......
  • Directors' Duties: Striking Off: Think Carefully, Are You Putting Yourself At Risk?
    • Mondaq UK
    ......need for directors (or any person qualifying as a shadow director). to consider the need for specialist advice when putting their. ......
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