Seyfried v Euro-IB Ltd.

Seyfried v Euro-IB Ltd.

The consultancy contract was between Advantage and EuroIB, not Dr Seyfried personally, and remuneration was discretionary, not a fixed percentage. The directorship contract was separate, and only unpaid directors’ fees were due. Claims for additional sums based on alleged oral agreements or project contributions...

Source-derived case information.

Parties
Claimant: Manfred Seyfried; Defendant: Euro-IB Limited
Jurisdiction
England and Wales
Judgment Date
18 March 2010
Procedural Posture
Civil / Final Judgment
Outcome
Claim partly succeeds
Legal Topics
Oral Contracts, Consultancy Agreements, Directorship, Fiduciary Duties, Remuneration Disputes
Contract Law Company Law Oral Contracts Consultancy Agreements Directorship Fiduciary Duties Remuneration Disputes

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Parties

Manfred Seyfried

Claimant

Euro-IB Limited

Defendant

Procedural Posture

Civil / Final Judgment

Legal Issues

  1. 1 Whether the consultancy contract was between Dr Seyfried personally or Advantage and EuroIB
  2. 2 What were the terms of the consultancy contract regarding remuneration
  3. 3 Whether Dr Seyfried was entitled to specific sums for various projects

Ratio Decidendi

The consultancy contract was between Advantage and EuroIB, not Dr Seyfried personally, and remuneration was discretionary, not a fixed percentage. The directorship contract was separate, and only unpaid directors’ fees were due. Claims for additional sums based on alleged oral agreements or project contributions failed due to lack of contractual entitlement or evidence.

Court Disposition

Claim partly succeeds

Orders

  • EuroIB to pay Dr Seyfried €12,250 in respect of unpaid directors’ fees
  • All other claims dismissed