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Queensland Mines Ltd v Hudson

[1978] 18 ALR 1

Case summary last updated at 22/01/2020 18:30 by the Oxbridge Notes in-house law team.

Judgement for the case Queensland Mines Ltd v Hudson

C, a company, obtained various mining exploration licences; however company did not have enough money to exploit them, so board consented to D (C’s managing director), taking over exploitation of the licences. D made a profit, and C sued for breach of fiduciary duty. Held:
·       D had obtained opportunity by virtue of fiduciary position.
·       However consent of board meant that there was no breach.

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