← All Authorities
United Kingdom uncategorized

Charterbridge Corporation Ltd v Lloyds Bank Ltd

[1970] Ch 62; [1969] 2 All ER 1185 (Pennycuick J, decided 5 November 1968)
JurisdictionUnited Kingdom
CourtHigh Court (Chancery Division), England and Wales (Pennycuick J)
Year1968
StatusPersuasive authority

Key Principle

Where a director has not directed his mind to the question, the test of whether a transaction was for the company's benefit is objective: whether an intelligent and honest man in his position could reasonably have believed it to be for the company's benefit.

Area of Law

c

Related Cases

Statoil ASA v Louis Dreyfus Energy Services LP [2008] EWHC 2257 (Comm); [2008] 2 Lloyd's Rep 685; [2008] 2 CLC 520
Statoil ASA v Louis Dreyfus Energy Services LP (The Harriette N) [2008] EWHC 2257 (Comm); [2008] 2 Lloyd's Rep 685; [2009] 1 All ER (Comm) 1035
R v Rahman [2008] UKHL 45; [2009] 1 AC 129; [2008] 3 WLR 264; [2008] 4 All ER 351

Ask CommonBench about this case

Get a detailed analysis of Charterbridge Corporation Ltd v Lloyds Bank Ltd and how it applies to your situation.

Explain Charterbridge Corporation Ltd ...