Article
Think, Then Act: Key Takeaways From The Supreme Court's Judgment In Saxon Woods Investments Limited And Others v Costa
The Supreme Court has delivered a landmark ruling on directors' duties under section 172 of the Companies Act 2006, establishing that good faith requires more than honest belief in pursuing a company's best interests. This case arose from a dispute where a chairman covertly delayed a planned company sale, believing it would yield better returns, but in doing so misled the board and breached his fiduciary duties.
Womble Bond Dickinson
