UK: Directors Must Exercise Their Powers Only For A Proper Purpose

A new judgment was released by the Supreme Court on 2 December 2015, which emphasises the importance of directors acting with 'proper purpose'.

The case was Eclairs Group Ltd v JKX Oil & Gas plc; Glengary Overseas Ltd v JKX Oil & Gas plc [2015] UKSC 71. A copy of the judgment can be found here.

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