This article looks at the case of BTI 2014 LLC and BAT Industries Plc v Sequana SA, 2016. The High Court was recently asked to consider whether the payment of dividends from a subsidiary to a parent company were based on incorrect accounts, were made in breach of fiduciary duties owed by the directors to […]

In the recent case of Stock v Pantrust International and Others (2016), the Royal Court of Jersey has, for the first time, recently considered exercising its powers under Article 76 of the Companies (Jersey) Law 1991, as amended (the Law) to Set aside a transaction on the ground of non-disclosure of a director’s conflicting interest […]

Powers to remunerate directors of Jersey companies AI Airports International Limited and PI Power International Limited v Pirrwitz [2013] JCA 177 (12 September 2013) In a helpful judgment the Jersey Court of Appeal has upheld the decision of the Royal Court in Pirrwitz v AI Airports International Limited and PI Power International Limited [2013] JRC […]

The Financial Services Commission has issued a Circular Letter on 28 March 2013 to remind directors of their duties and obligations under the law. In fact, the directors are notified that upon providing their consent to act as director on a particular entity, they are confirming to adhere to all the laws and regulations under […]