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Offshore Litigation Blog

Knight chess piece on a 2x2 board

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Directors’ duties re zone of insolvency
It is important to note that even though the board of directors of a fund ordinarily delegate responsibility to manage the fund’s investments to investment managers, the board of directors cannot absolve themselves of responsibility entirely and remain under a duty, in any event, to supervise delegates (such as the investment manager).
Company and its directors have no leg to stand on in latest Privy Council ruling concerning claims against a company receiver
In a recent Privy Council decision in Arjoon v Daniel [2023] UKPC 42, on appeal from the Court of Appeal …
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