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Queensland Mines Ltd v Hudson [1978] 18 ALR 1

By Oxbridge Law TeamUpdated 04/01/2024 07:05

Judgement for the case Queensland Mines Ltd v Hudson

Table Of Contents

  • 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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