R v R & Ors

R v R & Ors

The husband, as a shadow director of the family company, owes fiduciary duties not to compete with the company. The injunction is justified as it restrains breach of those duties.

Parties
Applicant: R; Respondents: R & Others
Jurisdiction
England and Wales
Judgment Date
15 November 2013
Procedural Posture
Family / Return Date Hearing on Freezing Order
Outcome
Injunction confirmed and to remain in force
Legal Topics
Freezing Injunction, Fiduciary Duties, Shadow Director, Matrimonial Assets

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Parties

R

Applicant

R & Others

Respondents

Procedural Posture

Family / Return Date Hearing on Freezing Order

  1. 1 Whether an injunction restraining the husband from competing with the family company is legally justified
  2. 2 Whether a shadow director owes fiduciary duties to the company

Ratio Decidendi

The husband, as a shadow director of the family company, owes fiduciary duties not to compete with the company. The injunction is justified as it restrains breach of those duties.

Court Disposition

Injunction confirmed and to remain in force

Orders

  • Paragraph 20 of the freezing order restraining the husband from competing with the family company remains in force