Directors' Duties

This book provides an analysis of the general duties of directors in the UK, contained in Chapter 2 Part 10 of the UK's Companies Act 2006, addressing aspects of the law that are highly relevant to such duties. The second edition is completely updated and expanded to include the following: what might constitute a breach of s 172(1) * an expanded chapter dealing with the duty to take in account the interests of creditors (s 172(3)) and consideration of how directors are to discharge their duty, and consideration of recent cases such as GHLM Trading Ltd v Maroo and the Bell Group v Westpac Banking litigation * more on remedies in light of the decision of the Court of Appeal in Sinclair Investments v Versailles Trade Finance * a consideration of the most recent cases dealing with derivative actions * the Court of Appeal decision in O'Donnell v Shanahan in relation to corporate opportunities * the Australian case of ASIC v Healey and its impact in relation to the duty of care * more on the discussion of de facto and shadow directors in light of the Supreme Court decision in Paycheck Services and the decisions in Re UKLI Ltd, McKillen v Misland and the Australian decision of Buzzle Operations * a discussion of the Bell Group v Westpac Banking litigation as far as the proper purposes duty is concerned * an expansion of the discussion on 'good faith' within s 172(1) * the consideration of bribes in light of the decision in Sinclair Investments v Versailles Trade Finance * more detail on duties of nominee directors.