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Regal Hastings Ltd V Gulliver Regal Owned a Cinema in Form

Regal Hastings Ltd V Gulliver Regal Owned a Cinema in Form

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hey guys this video is a continuation on the series on directors duties today we are going to talk about particular instances of conflict now as you are aware a director must not make use of his position as a director of a company to make a profit for himself I talked about this in the previous video the case of FERS and Tom Keyes if the director uses the fact that he is a director to acquire a profit he will be accountable to the company for the profit the company has the option of recovering the amount of the bride or suing the director for damages but not both the company has to choose one or the other I'll give an example it in a Malaysian case of myosin and Malaysian government officer cooperative housing society my son was a director and employee of the society in a transaction for the purchase of land where the society purchased land from the seller one-quarter of the purchase price of the land was paid by the seller to my son as a bribe so the society sued my son and la

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