Simpson v Tropical Hire Pty Ltd (in liq)

• 1. Equity
  2. › Fiduciary obligations
  3. › Director's duties
  4. › Sole director and shareholder
  5. › Distribution of company assets
  6. › Whether distributions made in breach of duty where director aware of outstanding taxation liabilities
• 1. Corporations
  2. › Directors' duties
  3. › Duty of care and diligence
  4. › Duty to act in good faith and in best interests of corporation
  5. › Whether director breached duties by making distributions to himself while company had outstanding tax liabilities
• 1. Equity
  2. › Equitable compensation
  3. › Proceedings against directors
  4. › Whether reference to 'negligence' in director's duty context refers to imprudence in equitable sense rather than common law negligence
• 1. Appeal
  2. › General civil appeal
  3. › Appellate review of findings of fact
  4. › Whether findings contrary to evidence or so glaringly improbable as to justify appellate intervention

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