August 2011 Archive

Directors' duties in relation to property development companies

A recent Court case highlighted the need for directors to be aware of their duties and position in relation to the financial status of their company, in particular in relation to property development companies. The case of Roberts v Frohlich concerned whether the directors of the property development company, Onslow Ditchling Limited (“ODL”) had acted improperly in the context of misfeasance and breach of duties as directors and wrongful trading.
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