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Very little data has reached the basic public about this committee’s makeup, decision-making and track report. Ogundipe later realized that his pal Johnson was self-financing his own firm’s work on OPL245, and stated he provided to introduce him to a variety of litigation funders he knew. Commerce & Service MarksCommerce & Service Markscommerce & service marksLagos law firm Iceland firmLagos Law Firm
But in general, Drumcliffe prefers to keep particulars of its involvement in specific cases under wraps for business and authorized reasons. It is thought to have later developed into the inter-agency Presidential Committee on Asset Recovery . Eni maintains it has “full confidence in the legality/appropriateness of its actions in acquiring OPL 245”, which it says was “a fully authorized and legitimate transaction conducted immediately with the federal government of Nigeria”.
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Seeking to restrict the powers of directors and combat the self-centred characteristic of human nature, fairness courts have utilised the basic limitation applicable to all fiduciaries that their power be exercised in a bona fide method in the pursuits of the beneficiary (p. The mainstream formulation in English legislation attaches major significance to unwavering loyalty from the director by resting primarily upon the great faith criterion. Judging from the distribution of circumstances across the examine period, the positive impact of codification in increasing the accessibility of the legislation is obviou The significance of this criterion stems from the trust-like nature of the board—with the aggregation of others’ wealth at their disposal—and the ensuing threat of managerial abuse. 119) in corporate contexts. We start with abstract statistics describing the final accessibility of the law. As Lord Greene famously put it, administrators have to “act bona fide in what consider—not what a court docket might consider—is in the pursuits of the company, and never for any collateral objective “.