Explain which of a director's statutory duties Jeremy may have breached.
Jeremy has not disclosed either his interest in FD Ltd or his interest in this particular contract. Under s 177 of the Companies Act the interest should have been stated at the board meeting that Jeremy attended which approved the contract. It was not. It should also have been declared under s 182 of the Companies Act once it had occurred – but it was not either. He will, therefore, have to account to KL Ltd for any profit that he makes on the transaction and he may also be subject to a fine. Had he dealt honestly with KL Ltd by declaring his interest and obtaining company approval, he would have been permitted to retain any profit which is made.
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【論述題】
State the offence of money laundering.
State whether Gloria has any liability for money laundering.
State whether Vlad has any liability for money laundering.
【論述題】
?State whether Slye committed insider dealing when he bought shares in Large plc?
?State whether Mate has any liability for insider dealing?
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