In Re Duckwari Plc: ChD 23 Jul 1996

The company had purchased property, but it suffered a fall in value.
Held: The fall was irrecoverable despite the fact that it had been purchased from a director, because it had been made at full value.

Citations:

Times 23-Jul-1996

Statutes:

Companies Act 1985 322(3)(b)

Jurisdiction:

England and Wales

Citing:

Appealed to – Duckwari Plc v Offerventure Ltd and Another: In Re Duckwari Plc (no 2) CA 8-May-1998
A company director entering into an unapproved contract with his own company was liable to the company for the loss as at the time that loss was realised, not at the time of the breach. Where directors had entered into contracts with their company . .

Cited by:

Appeal from – Duckwari Plc v Offerventure Ltd and Another: In Re Duckwari Plc (no 2) CA 8-May-1998
A company director entering into an unapproved contract with his own company was liable to the company for the loss as at the time that loss was realised, not at the time of the breach. Where directors had entered into contracts with their company . .
Lists of cited by and citing cases may be incomplete.

Company

Updated: 08 April 2022; Ref: scu.81850