Directors, Officers and Advisors responsibilities - Feltex, Morley, Centro and Nathans decisions

“Hot on the heels of the Feltex decision vindicating the right of directors to rely on advice,” came the “the New South Wales Court of Appeal who released a judgement that considers in some detail what happens when there are gaps in advice, or the advice is based on unchallenged assumptions”.

Morley v Australian Securities and Investments Commission  ... READ MORE was heralded by the Australian Securities and Investment Commission ( ASIC). But as Chapman Tripp advised in February 2011, ... READ MORE.  

CSNZ has provided the Centro READ MORE and Nathan’s READ MORE decisions and we now include the Feltex decision to form a quartet of topical and pertinent judgments. 

For the Feltex judgment ... READ MORE.

These judgements provide cases for corporate practitioners and professional advisors to consider and we recommend serious examination by those addressing the responsibilities of Directors, Officers and Advisors.