The Privy Council, the highest court of appeal for litigants in British colonies, is to be asked to rule on the nature and standard of skill, care and expertise which the law requires of directors and officers of Bermuda-based companies.The appeal by Focus Insurance Company liquidators could affect every corporation registered here and may ultimately produce a landmark decision in the development of Bermuda’s company law.However, the Privy Council application relies on liquidators David Lines and Peter Mitchell first obtaining leave to appeal a Court of Appeal judgment handed down November 25.
Privy Council asked to rule on level of competence expected of Bermuda directors
32 years ago
Topics
Bermuda InsuranceKeywords
David Lines David Thirkill Douglas Pullen Focus Insurance Company Judith Hardy