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Essay heading: Law of corporation
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Social Issues |
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| Date added: |
September 14, 2005 |
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4 / 988 |
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0 times |
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Again certain amount of money was earned and this wasn’t known to the board of directors and to the public. After this came to light, money had to be given back to its righteous owner. And the final solution is illustrated by the next case Re Leeds & Hanley Theatre of Varieties [1902]. This time the promoter was sued for the breach of fiduciary duty and he had to pay for the occurred damages... displayed 300 characters
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And the final solution is illustrated by the next case Re Leeds & Hanley Theatre of Varieties [1902]. This time the promoter was sued for the breach of fiduciary duty and he had to pay for the occurred damages. These are the most commonly used remedies of punishing promoters for breaching their duties, but it should also be said, that in a case where promoter has committed a serious crime in connection with promotion, formation and management of the company he might be punished even harder – up to 15 years without any direct or indirect promotional activity... displayed next 300 characters
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