Matches in DBpedia 2016-04 for { ?s ?p "Aberdeen Railway Co v Blaikie Brothers (1854) 1 Macq 461 is a UK company law case. It concerns the fiduciary duty of loyalty, and in particular, the duty not to engage in self dealing. It laid down a basic rule that if a director had an interest in a corporate transaction, the transaction is voidable at the company's will, and it is the duty of directors to avoid any possibility of a conflict of interest.This case preceded the Companies Act 2006 section 177, that requires that if directors are interested in a proposed transaction, they should merely declare that interest to the board, and section 239 which stipulates that in approving any transaction the interested director may not vote."@en }
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- Aberdeen_Rly_Co_v_Blaikie_Bros abstract "Aberdeen Railway Co v Blaikie Brothers (1854) 1 Macq 461 is a UK company law case. It concerns the fiduciary duty of loyalty, and in particular, the duty not to engage in self dealing. It laid down a basic rule that if a director had an interest in a corporate transaction, the transaction is voidable at the company's will, and it is the duty of directors to avoid any possibility of a conflict of interest.This case preceded the Companies Act 2006 section 177, that requires that if directors are interested in a proposed transaction, they should merely declare that interest to the board, and section 239 which stipulates that in approving any transaction the interested director may not vote.".