*Smithton Ltd v Naggar

Company – Director. The claimant company claimed for loss suffered when two client companies defaulted on their obligations to pay margin calls under open-ended contracts for difference (CfD) entered into between the claimant and those two companies. The Court of Appeal, Civil Division, upheld the judge's determination that the defendant had not been a director or shadow director of the claimant, nor had his conduct constituted a breach of s 190 of the Companies Act 2006.

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