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Directors Duties

November 2011 - Corporate & Commercial. Legal Developments by Hassans.

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Article by Richard Buttigieg, partner and Ian Felice, partner

Directors owe a fiduciary duty to the company of which they are a director. In addition, a director also owes a duty of skill and care to the company. These duties were originally laid down at common law, although now in the UK many of them have been codified in the Companies Act 2006. However, in Gibraltar they continue to be defined by common law (i.e. by case law and precedent).

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For more information please visit www.gibraltarlaw.com