Howard Smith Ltd v Ampol Petroleum Ltd

Howard Smith Ltd v Ampol Petroleum Ltd [1974] UKPC 3 is a leading UK company law case, concerning the duty of directors to act only for "proper purposes". This duty has been codified into the Companies Act 2006 section 171, and arises particularly in cases involving takeover bids.

Howard Smith Ltd v Ampol Petroleum Ltd

Howard Smith Ltd v Ampol Petroleum Ltd [1974] UKPC 3 is a leading UK company law case, concerning the duty of directors to act only for "proper purposes". This duty has been codified into the Companies Act 2006 section 171, and arises particularly in cases involving takeover bids.