Directors' duties: Lessons from Saxon Woods v Costa

Tessa Durham, Alastair Lomax and James Forsyth of TLT consider the Supreme Court’s decision in Saxon Woods v Costa, which confirms that directors breach their duties where they covertly pursue a strategy contrary to the board’s decision, even if they genuinely believe they are acting in the company’s best interests, giving insolvency officeholders a broader basis for misfeasance claims.

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