Site icon swarb.co.uk

In Re Sharpe: 1892

The misapplication of company money in the form of ultra vires payments of interest to shareholders was treated as a breach of trust by the directors.

Citations:

[1892] 1 Ch 154

Jurisdiction:

England and Wales

Cited by:

CitedDEG-Deutsche Investitions und Entwicklungsgesellschaft mbH v Koshy and Other (No 3); Gwembe Valley Development Co Ltd (in receivership) v Same (No 3) CA 28-Jul-2003
The company sought to recover damages from a director who had acted dishonestly, by concealing a financial interest in a different company which had made loans to the claimant company. He replied that the claim was out of time. At first instance the . .
Lists of cited by and citing cases may be incomplete.

Company

Updated: 06 July 2022; Ref: scu.187431

Exit mobile version