Wills & Trusts Law Reports | May 2013 #129The claimants (Investor Group) appealed from the decision of Simon J ([2011] EWHC 2308 (Ch)) that the Investor Group was entitled to a personal, but not a proprietary, remedy against Cedar Capital Partners LLC (Cedar). There was no appeal from Simon J’s decision that Cedar was liable to account in equity to the Investor Group.
Monte Carlo Grand Hotel in Monaco was owned by Monte Carlo Hotel SAM, a Monegasque company. The company’s share capital was owned by Monte Carlo Grand Hotel Ltd, a BVI company. In September 2004, the BVI company was interested in selling the hotel, either by...
Nicola Bridge and Felicity Crowe assess the impact of directors’ duties ‘Since the codification of the common law and equitable directors duties in the Companies Act 2006 (the Act), it is much easier for directors to identify the duties that they owe the company.’ Directors are appointed by shareholders to manage the business and affairs …
Continue reading "Company Law: Doing your duty"
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