Lagunas Nitrate Company v Lagunas Syndicate

JurisdictionEngland & Wales
Date1899
Year1899
CourtCourt of Appeal
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50 cases
  • Meng Leong Development Pte. Ltd v Jip Hong Trading Company Pte. Ltd
    • United Kingdom
    • Privy Council
    • 15 October 1984
    ...only insists on substantial restitution accompanied, if necessary, by payment of compensation; Lagunas Nitrate Co v Lagunas Syndicate [1899] 2 Ch 392. There must, however, be substantial restitution even in such a case where the court is striving by the order of rescission to protect an inn......
  • O'Sullivan v Management Agency and Music Ltd
    • United Kingdom
    • Court of Appeal (Civil Division)
    • 14 February 1984
    ...of the partnership to which he had become liable. The order for an indemnity was varied slightly in the House of Lords. In Lagunas Nitrate Co. v. Lagunas Syndicate (1899) 2 Ch. 392 there was a claim for rescission of a contract for the purchase of shares on grounds that the directors of th......
  • Re City Equitable Fire Insurance Company Ltd (2)
    • United Kingdom
    • Court of Appeal
    • Invalid date
  • Phyllison Ltd v GH Ltd
    • Cayman Islands
    • Grand Court (Cayman Islands)
    • 1 July 1992
    ...Ch. 73; [1874–80] All E.R. Rep. 271, followed. (3) Gluckstein v. Barnes, [1900] A.C. 240. (4) Lagunas Nitrate Co. v. Lagunas Syndicate, [1899] 2 Ch. 392; [1895–9] All E.R. Rep. Ext. 1349, dicta of Rigby, L.J. applied. (5) Omnium Electric Palaces Ltd. v. Baines, [1914] 1 Ch. 332; (1914), 83 ......
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1 firm's commentaries
  • Distribution Of Dividends In France And Hong Kong: Similarities
    • Hong Kong
    • Mondaq Hong Kong
    • 7 February 2023
    ...section 301 of the CO. 9. Art 73(2), Sched 2, Companies (Model Articles) Notice (Cap 622H). 10. Lagunas Nitrate Co Ltd v Schroeder & Co [1899] 2 Ch 392; Marra Developments Ltd v BW Rofe Pty Ltd [1977] 2 NSWLR 616; Brookton Co-operative Society Ltd v Commissioner of Taxation (Cth) (1981) 147......
7 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 March 2003
    ...of Bute’s Case [1892] 2 Ch 100.31 Mr Speyer pointed to the formulation of Lord Lindley MR in Lagunas Nitrate Co vLagunasSyndicate [1899] 2 Ch 392, 435: ‘If directors act within their powers, if they act with such care asis reasonably to be expected from them, having regard to their knowledg......
  • English Influences on the Historical Development of Fiduciary Duties in Scottish Law
    • United Kingdom
    • Edinburgh Law Review No. , January 2014
    • 1 January 2014
    ...722; Farrar v Farrar (1889) LR 40 Ch D 395 at 409–10 & 415; Salomon v Salomon [1897] AC 22 (HL); Lagunas Nitrate Co v Lagunas Syndicate [1899] 2 Ch 392 at 441 per Rigby LJ. It is also noticeable, though space prohibits further discussion here, that there was some overlap between fiduciary r......
  • Models for Reform: The Directors’ Duty of Care in a Modern Commercial
    • South Africa
    • Stellenbosch Law Review No. , August 2019
    • 16 August 2019
    ...Fisheries D evelopment Cor poration of SA Ltd v Jorge nsen 1980 4 SA 156 (W) 16572 Lagunas Nit rate Co v Lagunas Nit rate Syndicate Lt d 1899 2 CH 392 43573 1911 1 Ch 42574 See the Cooney R eport paras 3 24 -325384 STELL LR 2009 3 © Juta and Company (Pty) before them that squarely raises th......
  • An Appraisal of the Modification of the Director’s Duty of Care and Skill
    • South Africa
    • South Africa Mercantile Law Journal No. , May 2019
    • 25 May 2019
    ...[1911]1 Ch 425 at 437.18In re City Equitable Fire Insurance Co Ltd supra note 12 at 437. See also Lagunas Nitrate Co vLagunas Syndicate [1899] 2 Ch 392 (CA) at 435.19In re City Equitable Fire Insurance Co Ltd supra note 12 at 429-30. See also Huckerby v Elliott[1970] 1 All ER 189 (QBD) at 1......
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