Richmond Pharmacology Ltd v Chester Overseas Ltd

Subject Matter

COSTS — Order for costs — Indemnity basis — Whether claim having requisite level of unreasonableness — Whether order for indemnity costs to be made

[2014] CN 1970

COMPANY — Director — Breach of duty — First defendant company having minority shareholding in claimant company — Second and third defendants appointed by first defendant to claimants’ board of directors — First defendant marketing its minority holding in claimant to third parties — Whether in course of marketing shares first defendant disclosing claimant’s confidential information to third parties — Whether breaching obligations to claimant under shareholder agreement — Test for determining whether director in breach of general statutory duties — Whether by causing first defendant to breach agreement second and third defendants breaching statutory and equitable duties owed to claimant — Whether claimant estopped from asserting that defendants in breach of duties — Companies Act 2006, ss 172, 174, 175

[2014] Bus LR 1110

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