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Business and Corporation Law Assignment (Sample)

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Added on  2021-06-16

Business and Corporation Law Assignment (Sample)

   Added on 2021-06-16

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BUSINESS AND
CORPORATION
LAW
Business and Corporation Law Assignment (Sample)_1
CASE INTRODUCTION
ASIC v Flugge (No 2) [2017] VIC 117 given by the
Supreme Court of Victoria is a sequel to the ASIC v
Flugge and Geary [2016] VSC 779 ;
Payment of inland transportation fees irregular and
fraudulent under the UN Oil-for-Food Program
[OFFP];
Australian Wheat Board [AWB] was making payments
of inland transportation fees Iraqi Grain Board [IGB].
Contravention of directorial obligation under
Corporations Act 2001 (Cth);
Business and Corporation Law Assignment (Sample)_2
BREACH OF DUTIES
Breach of section [180(1)] of the Corporations
Act 2001 (Cth)
Duty to act with due diligence and care;
UN was making inquiries about inappropriate
payments of transportation fees to Iraq
Failure to make any adequate inquiries about the
approval of the UN regarding sale of wheat to
the IGB Iraq by Australian Wheat Board [AWB];
Business and Corporation Law Assignment (Sample)_3

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