Breach of Duties under Corporations Act 2001
VerifiedAdded on 2023/03/23
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AI Summary
This article discusses the claims of breach of duties under the Corporations Act 2001 against the directors of Bestjet, a flight booking company. The administrators and partners of the collapsed company believe that the directors may have breached their obligations to act in good faith and in the best interest of the company, leading to its collapse. The article analyzes the rules and issues related to the case, including the breach of director's duties and the continuation of trading during insolvency.
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