The Supreme Court of Western Australia (Court of Appeal) gave its judgment in Streeter v Western Areas Exploration Pty Ltd [No 2] [2011] WASCA 17 last month: see here. This is in an interesting case which contains much discussion of the cases concerning directors' personal exploitation of so-called 'corporate opportunities' and the operation of the equitable doctrine of laches.Wednesday, 2 February 2011
Australia: directors' duties, corporate opportunities and laches
The Supreme Court of Western Australia (Court of Appeal) gave its judgment in Streeter v Western Areas Exploration Pty Ltd [No 2] [2011] WASCA 17 last month: see here. This is in an interesting case which contains much discussion of the cases concerning directors' personal exploitation of so-called 'corporate opportunities' and the operation of the equitable doctrine of laches.
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