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Split Eclairs and the Proper Purpose Rule

James Morgan reviews the recent Supreme Court decision in Eclairs Group Plc v JKX Oil & Gas plc [2015] UKSC 71 in relation to the duty on directors under s.171, Companies Act 2006 to exercise their powers for proper purposes, with particular reference to the situation where the company is financial difficulty. A full copy of the article, which is reproduced with the kind permission of CRI, can be viewed by clicking here.

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