Tag Archives: corporate opportunity

Director’s share trading scheme breaches fiduciary duties, but accessorial liability claims rejected

A recent Federal Court decision recognises the expansive reach of the statutory and fiduciary duties owed by company directors. However, the company’s unsuccessful attempt to hold third parties liable as accessories to its director’s breaches of statutory duties highlights the importance of properly pleading and proving that an alleged accessory has actual knowledge of all the essential facts constituting the director’s breaches.

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