Click the case name for better results:

It’s A Wrap (UK) Ltd v Gula and Another: ChD 16 Sep 2005

The defendant company directors were accused of having paid dividends to themselves when the company was in fact making a loss. Held: A claim might lie, but the pleadings did not phrase it adequately, and an amendment would be improper. Though payments had been made at a time when the company ws making losses, a … Continue reading It’s A Wrap (UK) Ltd v Gula and Another: ChD 16 Sep 2005

Macpherson and Another v European Strategic Bureau Ltd: ChD 1 Mar 1999

There had been no unlawful distribution under a shareholders’ agreement where quasi-partners were given a share of future earnings for contracts initiated by them before retirement in proportion to previous stake in the company. A director ought to be relieved against a failure to declare an interest in a contract where: ‘No amount of formal … Continue reading Macpherson and Another v European Strategic Bureau Ltd: ChD 1 Mar 1999

Macpherson and Another v European Strategic Bureau Ltd: CA 14 Sep 2000

Directors who made agreements under which they were to be paid past consultancy fees and to pay other liabilities, in preference if necessary to other creditors, and without making provision for the costs of completing existing obligations, operated as an informal winding up of the company, and it was in breach the directors duty to … Continue reading Macpherson and Another v European Strategic Bureau Ltd: CA 14 Sep 2000