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3 Companies Act Advice Articles

Timely reminder of directors’ duties

In the recent case of Morgenstern v Jeffreys, the Court of Appeal dismissed an appeal against a High Court ruling that Morgenstern had breached his duties as a director by selling all of the shares in Morning Star Limited to Morning Star Enterprises Limited (in liquidation) for $3.5 million.

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Directors Duties

While limited liability companies are considered a separate legal entity, directors can still become personally liable if they breach their duties.

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