Directors’ Duties & Disqualification
Our specialist lawyers resist disqualification proceedings and secure your costs in the process.
Company directors face an increasingly regulated landscape. There can be significant personal and reputational implications.
We help directors manage their fiduciary duties and limit the potential consequences of breaches.
We have worked on many cases involving alleged breaches of fiduciary duties, and represented directors facing disqualification proceedings under the Company Directors Disqualification Act.
We have successfully defended these applications and secured payment of our clients’ costs, or negotiated undertakings where unavoidable.
- Peters & Peters acted for two British Virgin Islands companies, which were used as vehicles for a multi-million dollar investment in a Chinese project. The Claimants brought proceedings in the High Court against a former director and against an alleged shadow director for breach of fiduciary duty in failing to undertake adequate due diligence prior to the investment. The claim against the former director was settled on confidential terms. The claimants applied successfully to strike out the alleged shadow director’s defence for failure to comply with the Court’s orders and obtained judgment against him for US$11.5 million.