Directors have a positive duty to disclose their pre-existing breaches of fiduciary duty.
Citations:
1987 CLY 454, Times 07-Aug-1987
Jurisdiction:
England and Wales
Cited by:
Cited – Tesco Stores Limited v Pook, Pook, Universal Projects (UK) Limited ChD 14-Apr-2003
A trustee in breach of his duty has a duty to disclose that breach. It was alleged that the defendants, including a director of the claimant, had submitted false invoices to the claimants, and purchased property with the resulting profits.
Lists of cited by and citing cases may be incomplete.
Company
Updated: 16 May 2022; Ref: scu.194879