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- Ciban Management Corporation v Citco (BVI) Ltd [2020] UKPC 31 is a decision of the Judicial Committee of the Privy Council on appeal from the British Virgin Islands relating to directors' duties and the legal rule known as the Duomatic principle. The Privy Council dismissed the appeal, upholding the decisions of the judge at first instance and the Court of Appeal. They held that where the beneficial owner of a company set up a structure whereby the director of a company was to take instructions form a third party, and that third party subsequently acted in an unauthorised fashion, the company's director and registered agent did not breach any duties by acting in good faith on the instructions received in the usual way. In so doing the Privy Council made some important clarifications and extensions to the Duomatic principle. They also made some important legal clarifications in relation to directors' duties and the role of the registered agent, as well as expressing views on the proper application of certain statutory provisions. (en)
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- 23105 (xsd:nonNegativeInteger)
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- 0001-11-13 (xsd:gMonthDay)
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- Ciban Management Corporation v Citco Ltd, and Tortola Corporation Company Ltd (en)
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- (en)
- Duomatic principle (en)
- directors' duties (en)
- ostensible authority (en)
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- Ciban Management Corporation v Citco Ltd (en)
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- Ciban Management Corporation v Citco (BVI) Ltd [2020] UKPC 31 is a decision of the Judicial Committee of the Privy Council on appeal from the British Virgin Islands relating to directors' duties and the legal rule known as the Duomatic principle. (en)
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- Ciban Management Corporation v Citco (BVI) Ltd (en)
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