06/02/2024

Company Directors: Duties, Liabilities and Remedies 4th ed

Blair Leahy KC, Andrew Feld, and Courtney Grafton have contributed to the new edition of Company Directors: Duties, Liabilities and Remedies.

Now in its fourth edition, this leading and comprehensive work focuses on company directors, their duties and responsibilities, their liabilities when things go wrong, and the remedies to put things right. It does so by capturing commentary and analysis of the law relating to company directors, most notably the Companies Act itself and the constantly maturing common law rules and equitable principles, but also the law relating to insolvency, insurance, pensions, taxation, financial services, disqualification and crime.

The latest edition incorporates legislative developments, such as the Corporate Insolvency and Governance Act 2020, which amended the Companies Act 2006. The book also analyses recent case law developments relating to company directors from the Supreme Court including; Burnden Holdings (UK) Ltd v Fielding, Singularis Holdings Ltd v Daiwa Capital Markets, Aquila Advisory Ltd v Faichney, Lau v Chu, Kathryn Ma Wai Fong v Wong Kie Yik, Hung v JF Ming Inc, Marex Financial Ltd v Sevilleja, Children’s Investment Fund Foundation (UK) v Attorney General, and BTI 2014 LLC v Sequana SA.

In chapter 20 of this book, ‘Directors’ Liabilities: Exemption, Indemnification, and Ratification’, Blair, Andrew and Courtney consider the extent to which directors may be shielded from liabilities that would otherwise be incurred in the discharge of their functions, including by way of certain types of indemnity provision between the company and the director or by way of the ratification of a director’s conduct by the company.

You can purchase a copy here.