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Meridian was part of a syndicate bidding to take over NZ company, Euro National Corp Ltd. Mr Koo and Mr Ng, investment managers working for Meridian, bought 49% of Euro's shares, but Meridian failed to disclose to the Securities Commission of New Zealand that they had become a 'substantial security holder' of over 5% because Koo and Ng wanted to hide the transaction from their superiors.
Rolled Steel Products (Holdings) Ltd v British Steel Corp [1986] Ch 246 is a UK company law case, concerning the enforceability of obligations against a company. The case was one of the last significant cases on ultra vires under English company law before the provisions abrogating that doctrine in the Companies Act 1985 became effective.
It was most famous for giving rise to the "Baden scale" or the "Baden knowledge scale" following on from the judgment of Peter Gibson J as to the five different types of relevant knowledge in knowing assistance cases. [1] The use of the Baden scale has since fallen out of judicial favour in the United Kingdom. [2]
Saunders v Anglia Building Society [1970] UKHL 5 also known as Gallie v Lee is an English contract law case in the United Kingdom. [1] It established that in contract law the burden lies with the plaintiff to demonstrate he has not acted negligently and, that consequently, the plea of non est factum cannot normally be claimed by a person of full capacity.
Sigma Finance Corporation (Sigma) was a limited purpose finance company (similar but different from a structured investment vehicle (SIV)) established to invest in certain types of asset-backed securities and other financial instruments, and aimed to profit from the difference between the cost of funding its activities and the returns made on its investment portfolio.
In the earliest cases such as Pordage v Cole [8] and Thorpe v Thorpe [9] the question whether an undertaking was a condition precedent appears to have turned upon the verbal niceties of the particular phrases used in the written contract and it was not until 1773 that Lord Mansfield, in the case, which is a legal landmark, Boone v Eyre, [10 ...
Denning LJ, Morris LJ and Parker LJ held that although the warehouse employees were negligent, the clause effectively exempted them.. Denning LJ's judgment went as follows. Note that his reference to the concept of a fundamental breach precluding an exclusion of liability was rejected by the House of Lords some years later in Photo Production Ltd v Securicor Transport Ltd [1980] AC 8
Spiliada has since been adopted in numerous jurisdictions including Canada, [3] Singapore, [4] New Zealand, [5] and Hong Kong. [6] The standard, however, has been rejected by Australia, where it has been held that a local court can only decline to exercise jurisdiction if it can be established that it is a clearly inappropriate forum. [7]