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The case of Fodare Pty Ltd v Shearn

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Added on  2021-06-16

The case of Fodare Pty Ltd v Shearn

   Added on 2021-06-16

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Fodare Pty Ltd v Shearn[2011] NSWSC 479(Group Details: )
The case of Fodare Pty Ltd v Shearn_1
Introduction The Corporations Act, 2001 (Cth) and the common law, imposes certain duties and obligations on the directors of all the companies in Australia, irrespective of the state or territory, due to the applicable statutory instruments having jurisdiction of the entire nation. Not following the statute and the common law can prove quite costly for the directors.
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Brief of Fodare Pty Ltd v ShearnOne of the recent cases where the question was raised on the breach of director duties was the case of Fodare Pty Ltd v Shearn [2011] NSWSC 479. This case had a single director who was found to have been in breach of director duties, which resulted in the director having to face penalties for this contravention (Moores, 2014).
The case of Fodare Pty Ltd v Shearn_3

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