Two recent Supreme Court of Canada decisions demonstrate that the corporate attribution doctrine is not a one-size-fits-all approach.
Canada, Company & Commercial, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, Supreme Court of Canada
Court approval of a sale process in receivership or Bankruptcy and Insolvency Act (“BIA”) proposal proceedings is generally a procedural order and objectors do not have an appeal as of right; they must seek leave and meet a high test in order obtain it. However, in Peakhill Capital Inc. v.
Golden Rule 1: comply with the 7 general duties in the Companies Act 2006 (“the Act”)
In your capacity as a director you need to individually and personally comply with the seven codified statutory duties as a starting point.
United Kingdom, Company & Commercial, Insolvency & Restructuring, White Collar Crime, Keystone Law, Conflict of interest, Corporate manslaughter, Directors' duties, Companies Act 2006 (UK), Insolvency Act 1986 (UK)