Barings Plc, Re (No 5)

JurisdictionEngland & Wales
Date1999
CourtChancery Division
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120 cases
4 firm's commentaries
  • Directors' Duties Under Cayman Islands Law
    • British Virgin Islands
    • Mondaq Virgin Islands
    • 24 Julio 2015
    ...enable them to properly discharge their duties as directors (Re Barings PLC, Secretary of State for Trade and Industry v Baker (No 5) [1999] 1 BCLC 433, 439 and confirmed in the Grand Court of the Cayman Islands first instance judgment in Weavering Macro Fixed Income Fund Limited (in liquid......
  • Olympus Brings The Cayman Islands Into Global Focus Once Again - Time To Reflect On Weavering!
    • Cayman Islands
    • Mondaq Cayman Islands
    • 7 Diciembre 2011
    ...also filed an appeal. Footnotes Tax-News – Global Tax News 14th November 2011 Telegraph 15th November 2011 Bloomberg 9th November 2011 1999, 1 BCLC 433 at p. 2 BCLC 646 at p. 653b-c Re Barings Plc, Secretary of State v Baker [1998] BCC 583 at p 586 The content of this article is intended to......
  • Company Financial Statements Can Be Hazardous For Directors
    • Malaysia
    • Mondaq Malaysia
    • 2 Marzo 2016
    ...Journal of Corporate Law 196 5 Re Barings plc and others (No 5), Secretary of State for Trade and Industry v Baker and others (No 5) [1999] 1 BCLC 433 at 6 AWA Ltd v Daniels trading as Deloitte Haskins & Sells and Ors (1992) 7 ACSR 759 ("AWA v Daniels"), per Roger CJ at 865 7 Daniels an......
  • Company Directors: Duties And Liability In Cayman Islands Law
    • Cayman Islands
    • Mondaq Cayman Islands
    • 26 Octubre 2012
    ...to the director's duty to supervise delegated functions: Re Barings PLC, Secretary of States for Trade and Industry v. Baker(No.5) [1999] 1 BCLC 433 which provided i) ''Directors have, both collectively and individually, a continuing duty to acquire and maintain a sufficient knowledge and u......
6 books & journal articles
  • The Continuing Value of Relief for Directors' Breach of Duty
    • United Kingdom
    • The Modern Law Review No. 66-2, March 2003
    • 1 Marzo 2003
    ...behaviour isalso apparent in relation to cases brought under the Company Directors Disqualification Act1986: see, Re Barings plc (No 5) [1999] 1 BCLC 433; [2000] 1 BCLC 523 (Chancery Division &Court of Appeal); Re Landhurst Leasing plc [1999] 1 BCLC 286. This development has not beenconfined ......
  • What Makes a Director Fit? An Analysis of the Workings of Section 17 of the Company Directors Disqualification Act 1986
    • United Kingdom
    • Edinburgh Law Review No. , September 2012
    • 1 Septiembre 2012
    ...on them, including a duty expressed by Parker J in the following terms:1515Secretary of State for Trade and Industry v Baker (No 6) [1999] 1 BCLC 433 at Directors have, both collectively and individually, a continuing duty to acquire and maintain a sufficient knowledge and understanding of ......
  • THE RATIONALISATION OF DIRECTORS’ DUTIES IN SINGAPORE
    • Singapore
    • Singapore Academy of Law Journal No. 2005, December 2005
    • 1 Diciembre 2005
    ...814 (NJ 1981) at 823, [12]. 52 [2004] 4 SLR 162 (“Vita Health”). 53 [2000] 1 BCLC 523 per Morritt LJ at [36]. 54 Re Barings plc (No 5) [1999] 1 BCLC 433 at 489. 55 UK CLRSG, Completing the Structure, supra n 15 at para 5.87, and Developing the Framework, supra n 19 at para 3.40, stressed th......
  • Directors’ standards of conduct under the South African Companies Act and the possible influence of Delaware law
    • South Africa
    • Journal of Corporate Commercial Law & Practice No. , August 2019
    • 16 Agosto 2019
    ...that director in relation to the company; and 22 Supra note 18.23 Ibid at 429.24 1989 BCLC 498.25 [1994] 1 All ER 261.26 Ibid at 264.27 [1999] 1 BCLC 433 at 486–89.28 [1991] BCLC 1028.29 See E Ferran Company Law and Corporate Finance (1999) at 217. This is truly an objective standard as it ......
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