Charterbridge Corporation Ltd v Lloyds Bank Ltd
| Jurisdiction | England & Wales |
| Date | 1969 |
| Year | 1969 |
| Court | Chancery Division |
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120 cases
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Mark Simon Reynolds (as Liquidator of CSB 123 Ltd) v Caroline Stanbury
...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 company, is whethe......
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Rolled Steel Products (Holdings) Ltd v British Steel Corporation
...its Memorandum of Association. Nor does this argument derive any support from the powerful judgment of Pennycuick J. in Charterbridge Corporation Ltd. v. Lloyds Bank Ltd. (1970) Ch. 62, where one finds the following statement of principle (at page 69): "Apart from authority, I should feel ......
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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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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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1 firm's commentaries
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Commentary On The Fiduciary Duty Aspects Based On The Decision Of The High Court For Bank Rakyat's RM15 Million Book Sponsorship Suit
...applied the Charterbridge test, and adverse outcomes were thus averted. Footnotes 1 Charterbridge Corporation Ltd v Llyods Bank Ltd [1970] 1 Ch 62. 2 Re Smith and Fawcett Limited [1942] 1 CG 3 Tengku Dato Ibrahim Petra bin Tengku Indra Petra v Petra Perdana Bhd and another appeal [2017] MLJ......
9 books & journal articles
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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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THE RATIONALISATION OF DIRECTORS’ DUTIES IN SINGAPORE
...of directors out of fear of the “honest lunatic”. 66 Supra n 57. 67 Ibid at 325, [30] following Charterbridge Corp Ltd v Lloyds Bank Ltd[1970] Ch 62. 68 Ford, Austin & Ramsay, supra n 40, at para 9.340. 69 Company Law, supra n 1, at pp 275—276. 70 It is submitted that the wider meaning of r......
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Singapore: Financial Assistance and Directors' Duties
...purpose' exception, not found in Singapore). (15) See Dawall v North Sydney Brick & Trust Co. Ltd. (16) See ref. 10 above, at 61. (17) [1970] Ch 62. (18) SPP Ltd v Chew, Beng Gim [1993] 3 SLR 393; Kumagai Gumi Co. Ltd v Zenecon Ptd Ltd [1995] 2 SLR 297. (19) [1994] 2 SLR 35. (20) See Re Sou......
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Directors' fiduciary duties under our future company-law regime
...& Fawcett, Limited [1942] 1 Ch 304 (CA); Thorby v Goldberg (1965) 112 CLR 597; Charterbridge Corporation Ltd v Lloyds Bank Ltd & Others [1970] 1 Ch 62. 41 See LS Sealy ' "Bona Fides" and "Proper Purposes" in Corporate Decisions' (1989) Monash University LR 265 at 269. Sealy contends that th......
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