UK: High Court Releases First Edition Of “Company Law For Dummies” Handbook

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Source: Kemp Little LLP via Mondaq, 31 March 2017

“The recent case of Dickinson v NAL Realisations (Staffordshire) Ltd is a “101” guide to how not to run a small business, providing insight into the pitfalls that can await any director or shareholder that may wish to cut corners rather than ratifying decisions through the appropriate approval processes.

This judgment goes to show that directors and shareholders of companies have certain inescapable personal responsibilities that must be recognised and adhered to if decisions made by such directors or shareholders on behalf of the relevant company are to be lawful.”

Source article here

 

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