Akierman Holdings Pty Ltd v Akerman

[2019] NSWSC 1486

Supreme Court of NSW

Built by Barristers,
For Australian Law.

1. Corporations
2. › Directors and officers
3. › Authority and powers
4. › appointment of managing director by purported resolution of sole director - articles did not provide for sole director
5. › appointment not valid
6. › resolution approving of director’s remuneration not valid
7. › payment of legal fees on behalf of company not valid.
1. Contracts
2. › Formation
3. › Agreement
4. › informal oral agreement for sale of Company property
5. › parties contemplated later execution of formal documents
6. › oral agreement not enforceable.
1. Contracts
2. › Formation
3. › Agreement
4. › informal written agreements contemplated later execution of formal document but otherwise unqualified and specific in terms
5. › immediately binding if entered with authority.
1. Corporations
2. › Directors and officers
3. › Authority
4. › Unanimous Assent
5. › where one share held on trust by estate and transfer not registered until some time later
6. › application of doctrine
7. › informed consent.