Regal (Hastings) Ltd v Gulliver
Regal (Hastings) Ltd v Gulliver [1942] UKHL 1, is a leading case in UK company law regarding the rule against directors and officers from taking corporate opportunities in violation of their duty of loyalty. The Court held that a director is in breach of his duties if he takes advantage of an opportunity that the corporation would otherwise be interested in but was unable to take advantage. However the breach could have been resolved by ratification by the shareholders, which those involved neglected to do.
primaryTopic
Regal (Hastings) Ltd v Gulliver
Regal (Hastings) Ltd v Gulliver [1942] UKHL 1, is a leading case in UK company law regarding the rule against directors and officers from taking corporate opportunities in violation of their duty of loyalty. The Court held that a director is in breach of his duties if he takes advantage of an opportunity that the corporation would otherwise be interested in but was unable to take advantage. However the breach could have been resolved by ratification by the shareholders, which those involved neglected to do.
has abstract
Regal (Hastings) Ltd v Gullive ...... hose involved neglected to do.
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Link from a Wikipage to an external page
Wikipage page ID
Wikipage revision ID
728,509,884
citations
[1942] 1 All ER 378, [1967] 2 AC 134, [1942] UKHL 1
court
House of Lords
name
Regal Ltd v Gulliver
opinions
Lord Russell, Lord Wright
hypernym
comment
Regal (Hastings) Ltd v Gullive ...... hose involved neglected to do.
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label
Regal (Hastings) Ltd v Gulliver
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