Re Cardiff Savings Bank. Marquis of Bute's Case

JurisdictionEngland & Wales
Year1892
Date1892
CourtChancery Division
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1 firm's commentaries
  • Duties And Liabilities Of Directors Of Cayman Islands Companies
    • Cayman Islands
    • Mondaq Cayman Islands
    • 28 May 2008
    ...at board meetings would not of itself normally amount to a breach of the duty of care (for instance, Re Cardiff Savings Bank [1892] 2Ch 100) can no longer be regarded as good law the Cayman Islands. In the case of Daniels v Anderson, Judgment 15th May 1995, the Court of Appeal of New South ......
8 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
    ...See n 80 below, and associated text.29 Dr Ernest Schuster of Lincoln’s Inn.30 See Re Cardiff Savings Bank: The Marquis 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 wi......
  • Models for Reform: The Directors’ Duty of Care in a Modern Commercial
    • South Africa
    • Stellenbosch Law Review No. , August 2019
    • 16 August 2019
    ...of SA Ltd v Jorgense n 1980 4 SA 156 (W) 16568 Re City Equita ble Fire Insurance Co Ltd 1925 Ch 407 428-429; Re Ca rdiff Savings Ban k 1892 2 Ch 100; Fisheries D evelopment Corp oration of SA Ltd v Jorgen sen 1980 4 SA 156 (W) 16569 Re City Equitab le Fire Insurance Co Lt d 1925 Ch 407 428-......
  • 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
    ...which is often referred to ascontaining the roots of the common-law duty of care. See also Re Cardiff Savings Bank; Marquis ofBute’sCase [1892] 2 Ch 100; Re Kingston Cotton Mill Co (No 2) [1896] 1 Ch 331.131980 (4) SA 156 (W).14Michele Havenga ‘The Business Judgment Rule – Should We Follow ......
  • London & New Mashonaland Exploration Co Ltd v New Mashonaland Exploration Co Ltd: Is It Authority That Directors Can Compete with the Company?
    • Australia
    • University of Western Australia Law Review No. 42-1, May 2017
    • 1 May 2017
    ...36Re City Equitable Fire Insurance Co [1925] Ch 407. 37The most extreme example can bee seen in the case of Re Cardiff Savings Bank [1892] 2 Ch 100 where the Cardiff Savings Bank collapsed because of irregularities in its lending operations. Proceedings were brought against the Marquis of B......
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