[1925] Ch 407, 94 LJ Ch 445, [1925] B & CR 109, [1924] All ER Rep 485, 133 LT 520, 40 TLR 853
Case history
Prior action
Romer J (in the High Court)
Court membership
Judges sitting
Lord Pollock MR Warrington LJ and Sargant LJ
Keywords
Duty of care
Re City Equitable Fire Insurance Co [1925] Ch 407 is a UK company law case concerning directors' duties, and in particular the duty of care. It is no longer good law, as it stipulated that a "subjective" standard of competence applied. Now under Companies Act 2006 section 174, and given the development of the common law in Re D'Jan of London Ltd, directors owe an objective standard of care based on what should reasonably be expected from someone in their position.
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