Darvall v North Sydney Brick & Tile Co Ltd (1989) is a hallmark case clarifying director duties in takeover contexts. It highlighted that directors must act bona fide and for proper purposes, and that companies cannot provide assistance—even indirectly—that supports the acquisition of their own shares to establish control by someone. Court: NSW Court of Appeal (Kirby P, Mahoney JA, Clarke JA) Judgment: … Continue reading Darvall v North Sydney Brick & Tile Co Ltd (1989)