Charterbridge Corporation Ltd v Lloyds Bank Ltd
| Jurisdiction | England & Wales |
| Court | Chancery Division |
| Year | 1969 |
| Date | 1969 |
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120 cases
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Mark Simon Reynolds (as Liquidator of CSB 123 Ltd) v Caroline Stanbury
...of the group of companies of which the company is a member, the courts will apply a different test. In Charterbridge Corp Ltd v Lloyds Bank Ltd [1969] 2 ALL ER 1185 at 1194….Pennycuick J held that the proper test in the absence of actual separate consideration of the interests of the compan......
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Re Horsley & Weight Ltd
...ancillary power, Mr. Justice Plowman may have been justified in his conclusion, but not, in my view, otherwise. 27 In Charterbridge Corporation Ltd. v. Lloyds Bank Ltd., (1970) 1 Chancery, 62, a company referred to as Castleford had created a legal charge upon certain of its assets to secur......
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Rolled Steel Products (Holdings) Ltd v British Steel Corporation
... ... Ltd. lent it the sum owed to S.S.S., which was paid into the plaintiff's bank account, passed straight from that account to an account in the name of S.S.S. and then to an ... 735H–736A , 738H , 745C–D ) ... Charterbridge Corporation Ltd. v. Lloyds Bank Ltd. [ 1970 ] Ch. 62 ; Introductions Ltd. v. National ... ...
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Madoff Securities International Ltd ((in Liquidation)) v Stephen Raven and Others
...circumstances, have reasonably believed that the transaction was for the benefit of the company: Charterbridge Corp Ltd v Lloyds Bank Ltd [1970] Ch 62 at 74E-F. If so, the director will be treated as if that was his state of mind. The duty to exercise powers for the purposes for which they......
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35 books & journal articles
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Chapter 5. The Subservient Subsidiary Situation
...case, Kinsela v. Russell Kinsela Pty. Ltd. (1986) 10 A.C.L.R. 395 at pp. 401–404. Vide post pp. 244–245. 1 Vide Charterbridge Corporation Ltd. v. Lloyds Bank Ltd. [1970] Ch. 62, p. 74. Vide also the Cork Report, para. 1969, p. 443. Cf. Boulting v. Association of Cinematograph, Television an......
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SELF-DEALING AND NO-PROFIT RULES: COMPANIES ACT 2016
...Co Bhd [2012] 3 AMR 297; [2012] 3 MLJ 616; Walker v Wimborne (1976) 3 ACLR 529 at 532; Charterbridge Corp Ltd v Lloyds Bank Ltd [1970] Ch 62 at 74. 18 Equiticorp Finance Ltd v Bank of New Zealand (1993) 11 ACSR 642. 19 Chan v Zakaria (1984) 53 ALR 417 at 433, per Deane J. See also Don King ......
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Chapter 12: The Development of the Obligation
...be applied in determining whether the directors were liable or not for breach of the obligation. 12.37 The judge applied the ‘Charterbridge Corporation test’ to the obligation to consider creditors. He said that: In relation to an insolvent company, the directors when considering the compan......
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Chapter 2: The UK corporate law and governance framework as a mechanism to facilitate risk-taking by corporate managers and shareholders
...noting that there is one situation where courts use an objective test to determine compliance with the duty of loyalty. Indeed, in Charterbridge v Lloyds it was held that when directors take a decision without actual consideration of the company’s interests, the objective test of an intelli......
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