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Re New British Iron

[1898] 1 Ch 324

Case summary last updated at 20/01/2020 20:18 by the Oxbridge Notes in-house law team.

Judgement for the case Re New British Iron

Company’s articles provided for remuneration of directors at a certain rate.  Issue was whether directors could enforce this. Held:
 
·        C could not enforce articles in his capacity as director.
·        However a separate contract could be implied upon same terms in article.
·        This separate contract could be enforced.
·        NB Directors’ service contracts must now be evidenced in writing – s.227-229.
Ø  thus this result would no longer be possible

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