The company had instructed the respondent solicitors to act in the arrangements for new contracts for its directors. The solicitors took instructions direct from the directors, and the company complained that this created a conflict of interest leading to losses. It now appealed from rejection of that claim.
Held: The appeal succeeded. However, no losses flowed from the failure since a consultation with the chair of the company’s remuneration committee, which would have satisfied the requirements, would have seen the contracts approved.
Judges:
Moore-Bick, Rimer, Underhill LJJ
Citations:
[2014] 2 All ER 728, [2013] WLR(D) 462, [2013] EWCA Civ 1514, [2014] PNLR 13, [2014] 1 WLR 3073
Links:
Jurisdiction:
England and Wales
Citing:
Appeal from – Newcastle International Airport Ltd (Nial) v Eversheds Llp ChD 2-Oct-2012
The company sought damages from a firm of solicitors who had been engaged to arrange new contracts for its directors, saying that it should not have taken instruction from the directors without regard for the need for independence.
Held: The . .
Lists of cited by and citing cases may be incomplete.
Legal Professions
Updated: 27 August 2022; Ref: scu.518496