header-logo header-logo

06 September 2024 / Peter Knox KC , Adam Riley , Remy Choo
Issue: 8084 / Categories: Features , Company , In Court , Copyright
printer mail-detail

Line(s) of duties: directors & accessory liability

188092
In a landmark decision, the Supreme Court has changed the law on directors’ duties. Peter Knox KC, Adam Riley & Remy Choo explain
  • Sets out the facts in Lifestyle Equities CV and another v Ahmed and another, as well as Lord Leggatt’s views on directors’ duties, accessory liability, and orders for account of profits.
  • Also explains the Supreme Court’s consideration of and adoption of the Singapore Court of Appeal’s reasoning in PT Sandipala.

On 15 May 2024, the United Kingdom Supreme Court handed down its long-awaited decision in Lifestyle Equities CV and another v Ahmed and another [2024] UKSC 17, [2024] All ER (D) 60 (May). This article breaks down some of the main points arising out of this landmark decision.

High Court

The respondents in the appeal were two companies (Lifestyle). Lifestyle brought proceedings against some 16 defendants claiming remedies for the infringement of registered trade marks and passing off. The group of defendants included two family-owned companies, Continental Shelf 128

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Thackray Williams—Lucy Zhu

Thackray Williams—Lucy Zhu

Dual-qualified partner joins as head of commercial property department

Morgan Lewis—David A. McManus

Morgan Lewis—David A. McManus

Firm announces appointment of next chair

Burges Salmon—Rebecca Wilsker

Burges Salmon—Rebecca Wilsker

Director joins corporate team from the US

NEWS
What safeguards apply when trust corporations are appointed as deputy by the Court of Protection? 
Disputing parties are expected to take part in alternative dispute resolution (ADR), where this is suitable for their case. At what point, however, does refusing to participate cross the threshold of ‘unreasonable’ and attract adverse costs consequences?
When it comes to free legal advice, demand massively outweighs supply. 'Millions of people are excluded from access to justice as they don’t have anywhere to turn for free advice—or don’t know that they can ask for help,' Bhavini Bhatt, development director at the Access to Justice Foundation, writes in this week's NLJ
When an ex-couple is deciding who gets what in the divorce or civil partnership dissolution, when is it appropriate for a third party to intervene? David Burrows, NLJ columnist and solicitor advocate, considers this thorny issue in this week’s NLJ
NLJ's latest Charities Appeals Supplement has been published in this week’s issue
back-to-top-scroll