Corporations Law Exam Style Notes

Description

Structured exam-style Corporations Law Notes for problem solving questions.

Topics covered:
- Directors Duties overview
- Duty of Care, Skill and Diligence
- Duty to Avoid Conflicts
- Statutory duty under s 191
- No profit rule
- Statutory duties under s 182 and 183
- Duty to Act in Good Faith in the best interests of the company
- Duty to act for a proper purpose
- Relief from liability: Authorisation, Ratification, Court relief, indemnification, insurance
- Consequences of Breach: civil and criminal liability
- Remedies & Member's Remedies - statutory derivative action, oppression remedy, statutory injunction, winding up, personal action
- Related Party transactions
- Equitable constraints on alterations to the constitution