Dorchester Finance Company Ltd v Stebbing
| Jurisdiction | England & Wales |
| Year | 1989 |
| Date | 1989 |
| Court | Chancery Division |
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10 cases
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Eagle Merchant Bank of Jamaica Ltd and Crown Eagle Life Insurance Company Ltd v Paul Chen Young. Ajax Investments Ltd and Domville Ltd (No 2)
...of the discussion, I wish to observe, en passant , that the closing submissions for, the Defendants cite several cases including Dorchester Finance v Stebbing, (1989) BCLC 498, Statewide Tobacco v Morley (1990) 2 ACSR 405, Commonwealth Bank v Friedrich (1991) 5 ACSR 115, Group Four Industr......
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Mcgregor Glazing Ltd (in Liq) V. George Mcgregor
...may not have the same responsibilities as an executive director, but he still has the same duties. (Dorchester Finance v Stebbing [1989] BCLC 498 per Foster J at page 505). Someone who has allowed himself to be a mere nominee cannot complain if he is then found bound by what he is allowed o......
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Lexi Holdings Plc ((in Administration)) v Luqman
...cited at page 487F to H. 220 In relation to the duty of care expected of a director by the common law, Mr Marshall relied upon Dorchester Finance Co Ltd v Stebbing [1989] BCLC 498, the report of a much earlier decision in 1977 where Foster J held that although the standard depended to an ex......
- Soo Boon Siong @ Saw Boon Siong v Saw Fatt Seong & Soo Hock Seang (for and on behalf of the estate of Soo Boon Kooi)
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1 firm's commentaries
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Duties And Liabilities Of Directors Of Cayman Islands Companies
...described as "such care as an ordinary man might be expected to take on his own behalf": Dorchester Finance Company Limited v Stebbings [1989] BCLC 498. However, one of the leading texts, Palmers Law, Vol 2 para 8.050, suggests that if a non-executive director fulfills his duties conscienti......
13 books & journal articles
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The Continuing Value of Relief for Directors' Breach of Duty
...that the trial judge’s finding thathonesty is to be assessed from an essentially subjective standpoint,56is open to50 [1990] BCLC 833.51 [1989] BCLC 498. See also Selangor United Rubber Estates Ltd vCradock (No 3) [1968] 1 WLR1555, 1660.52 ibid, 505–506.53 [1937] 4 All ER 43.54 ibid, 47.55 n......
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Islands of conscious power: law, norms, and the self-governing corporation.
...of the modern approach" coming only in 1977 in Dorchester Finance Co. v. Stebbing, "[d]ecided in 1977 but fully reported only in 1989: [1989] BCLC 498." PAUL L. DAVIES, GOWER'S PRINCIPLES OF MODERN COMPANY LAW 641 & n.57 (6th ed. 1997) (second brackets in (105) 188 A.2d 125 (Del. 1963).......
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Directors’ standards of conduct under the South African Companies Act and the possible influence of Delaware law
...carrying out the same functions as are carried out by 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 (19......
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Codification of Directors' Duties: An Act to Follow?
...Companies Act 2006, section 175(2). 7' Re City Equitable Fire Insurance Co. Ltd [1925] Ch 407. 80 Dorchester Finance Company v Stebbing [1989] BCLC 498. See also Norman v Theodore Goddard [1992] BCC 14. See also ReD 'Jan of London Ltd [1993] BCC 646. 20081 Codification of Directors'Duties a......
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