Extrasure Travel Insurances Ltd and another v Scattergood and another
| Jurisdiction | England & Wales |
| Judgment Date | 2003 |
| Date | 2003 |
| Year | 2003 |
| Court | Chancery Division |
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54 cases
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Anthony John Wright and Geoffrey Paul Rowley (Liquidators of BHS Group Ltd, SHB Realisations Ltd, Davenbush Ltd and Lowland Homes Ltd (All (in Liquidation)) v Dominic Joseph Andrew Chappell
...(bonus arrangements). 526 Ms Hilliard submitted that the test was objective and relied on Extrasure Travel Insurance Ltd v Scattergood [2003] 1 BCLC 598 in which Mr Jonathan Crow (sitting as a Deputy Judge of the High Court) stated as follows at [92] and [93]: “[92] The law relating to prop......
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Kevin Hellard and Another v Horacio Luis De Brito Carvalho
...Corpn Ltd v Lloyds Bank Ltd [1970] Ch 62 at 74E-F, obiter, per Pennycuick J; Extrasure Travel Insurances Ltd v Scattergood [2003] 1 BCLC 598 at [138] per Mr Jonathan Crow); (c) Building on (b), I consider that it also follows that where a very material interest, such as that of a large cred......
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Madoff Securities International Ltd ((in Liquidation)) v Stephen Raven and Others
...apply a four stage test (see Howard Smith Ltd v Ampol Petroleum Ltd [1974] AC 821, 835F-H; Extrasure Travel Insurances v Scattergood [2003] 1 BCLC 598 at [92]), which involves identifying (1) the power whose exercise is in question, (2) the proper purpose for which such power was conferred......
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Northern Powerhouse Developments Ltd ((in Liquidation), Acting by its Joint Liquidators Robert Armstrong and Andrew Knowles) v Gavin Lee Woodhouse
...to determining whether a power was exercised for a proper purpose (section 171 of the 2006 Act) is set out in Extrasure Travel Insurances Ltd v Scattergood [2003] 1 B.C.L.C. 598; [2003] C.L.Y. 523 at [92]: “92. The law relating to proper purposes is clear, and was not in issue. It is unnece......
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5 books & journal articles
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SELF-DEALING AND NO-PROFIT RULES: COMPANIES ACT 2016
...Society v Mothew [1998] Ch 1; Henderson v Merret Syndicates Ltd [1994] 3 All ER 506; and Extrasure Travel Insurances v Scattergood [2003] 1 BCLC 598 at 618. 40 There are transactions under the Companies Act 2016 (Act 777) which may be carried out only with the approval of the general meetin......
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An analysis of directors' fiduciary duties in the removal of a director from office
...ead) Ltd 1927 2 KB 9; Rege ntcrest plc (in li quidation) v Cohen 2001 2 BCLC 80 105; Extrasure Travel Insurances Ltd v Scattergood 2003 1 BCLC 598 ChD 618-619 ; Liwszyc v Smo larek 2005 55 ACSR 38 46-47; Visser Si trus (Pty) Ltd v Goe de Hoop Sitrus (P ty) Ltd 2014 5 SA 179 (WCC) para 7422 ......
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The escalation of corporate corruption during the Covid-19 pandemic: Is the anti-corruption framework of the Companies Act 71 of 2008 adequate?
...of fence (ss 26(1) and 26 (3) of PREC CA) 76 Hogg v Cramphor n Ltd 1967 Ch 254 268-269; Extrasure Travel Insurances Ltd v Scattergood 2003 1 BCLC 598 (ChD) 619; Visser Sitru s (Pty) Ltd v Goede Ho op Sitrus (Pt y) Ltd 2014 5 SA 179 (WCC) para 80; Eclair s Group Ltd v JKX Oil & Gas plc 2016 ......
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The duties of directors in the face of activism
...[2008] EWHC 2810, para 53 (per Warren J). 57 [2001] 2 BCLC 80.58 Ibid at 120. See also Extrasure Travel Insurance Ltd v Scattergood [2003] 1 BCLC 598 para 89.59 Corporate Governance Code (September 2014) at 1. 60 Ibid, Main Principles A1 and D1. © Juta and Company (Pty) 18(2016) 2 (2) JOURN......
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