Directors - Conflict

Question 1

Dolphin -v- Simonet

Answer 1

Poached Staff - liable to account

Question 2

Regal -v- Hastings

Answer 2

Profit made, unauthorized transaction, “alls well”, fraud if absence of bona fide, liability arises from the gain

Question 3

Aerospares -V- Thompson

Answer 3

Co in new jurisdiction, impossible to account - mareva

Question 4

Target Holdings

Answer 4

Entitled to be compensated for loss caused BUT FOR BREACH

Question 5

Industrial Developments -v- Cooley

Answer 5

Didnt use company info to gain contract - still liable

Question 6

AIB -v- Diamond

Answer 6

Overriding principle that fiduciary duty and personal interests cannot conflict

Question 7

Aberdeen -v- Blaikie

Answer 7

No profit, no conflict

Question 8

Fairbrother -v- Steifel Labs

Answer 8

Spouses of competing companies can cause conflict

Question 9

Facenda Chicken

Answer 9

Obligation to respect trade secrets

Question 10

Twinsectra -v- Yardly

Answer 10

Knowing Receipt - enough that connected person benefitted from the loss.