| Source: | All England Reporter |
| Publisher Citation: | [2003] All ER (D) 346 (Jun) |
| Neutral Citation: | [2003] EWHC 1463 (Ch) |
| Court: | Chancery Division |
| Judge: | Blackburne J |
| Representation | Malcolm McEwan (instructed by Willan Bootland) for the claimant. |
| Ulick Staunton (instructed by Eversheds) for the defendant. | |
| Judgment Dates: | 26 June 2003 |
Catchwords
Companies - Director - Breach of fiduciary duty - Recovery of losses - Reflective losses.
The Case
On the determination of two preliminary issues, the court ruled that although the defendant as a director of BDCplc had been in breach of his pleaded fiduciary duties, the claimant's claims were barred on the basis that the claims were based on reflective losses and, accordingly, the action was dismissed.
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