Explain any of a director's statutory duties that Caz may have breached
Turning to the case in question, it appears that Caz has not disclosed either her interest in Era Ltd or her interest in this particular contract. Under s177 of the Companies Act, the interest should have been stated at the board meeting that Caz attended that approved the contract. It was not. It should also have been declared under s182 of the Companies Act once it had occurred – but it was not either. She will therefore have to account to Dull plc for any profit that she makes on the transaction and she may also be subject to a fine. Had she dealt honestly with Dull plc by declaring her interest and obtaining company approval, she would have been permitted to retain any profit that is made.
多做几道
State whether Ian has any liability for money laundering
State whether Jet has any liability for money laundering
【论述题】
State whether Vic has any right to claim for the increase in share price that he missed out on when he sold his shares
Explain any criminal offences Sid may have committed
【论述题】
State what is meant by securities being 'price sensitive' in the context of insider dealing
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