Queensland Mines Ltd v Hudson [1978] 18 ALR 1
Country:
United Kingdom
Reviewed By Oxbridge Law Team
Updated 2024-01-04 07:05:29 UTC
Claimant, a company, obtained various mining exploration licences; however company did not have enough money to exploit them, so board consented to Defendant (Claimant’s managing director), taking over exploitation of the licences.
Defendant made a profit, and Claimant sued for breach of fiduciary duty.
Held
Defendant had obtained opportunity by virtue of fiduciary position.
However consent of board meant that there was no breach.
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