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Statements

Subject Item
dbr:Gerard_Lee_Bevan
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dbr:Re_City_Equitable_Fire_Insurance_Co
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dbr:Board_of_directors
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dbr:Mark_Romer,_Baron_Romer
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Re City Equitable Fire Insurance Co
rdfs:comment
Re City Equitable Fire Insurance Co [1925] Ch 407 is a UK company law case concerning directors' duties, and in particular the duty of care. It is no longer good law, as it stipulated that a "subjective" standard of competence applied. Now under Companies Act 2006 section 174, and given the development of the common law in Re D'Jan of London Ltd, directors owe an objective standard of care based on what should reasonably be expected from someone in their position.
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Re City Equitable Fire Insurance Co
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[1925] Ch 407
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dbr:Court_of_Appeal_of_England_and_Wales
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Lord Pollock MR Warrington LJ and Sargant LJ
dbp:keywords
Duty of care
dbo:abstract
Re City Equitable Fire Insurance Co [1925] Ch 407 is a UK company law case concerning directors' duties, and in particular the duty of care. It is no longer good law, as it stipulated that a "subjective" standard of competence applied. Now under Companies Act 2006 section 174, and given the development of the common law in Re D'Jan of London Ltd, directors owe an objective standard of care based on what should reasonably be expected from someone in their position.
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Romer J
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