Heron International v Lord Grade, Associated Communications Corp. Plc. and Others: CA 1983 Foss v. Harbottle has nothing whatever to do with a shareholders right of action for a direct loss caused to his own pocket as distinct from a loss caused to the coffers of a company in which he holds shares. The case occurred where, as a result of heron international v grade Company 15a: Director's duties pre statute. company law. STUDY. PLAY. Directors, being the principal management organ of the company, must act for its benefit and they therefore occupy a fiduciary position. Heron International Ltd v Lord Grade [1983 In the course of a contested takeover bid, the directors of the target company who owned
Heron International Ltd v Lord Grade [1983 (CA) Were two takeover bids for a company; board of directors accepted lower bid and was able to take action to enforce this choice on shareholders. Shareholders sued for loss in value of shares. heron international v grade
The Court of Appeal in Heron International v Lord Grade, where directors were responsible for the takeover bidding, suggested that directors had an obligation to secure the best price, i. e. best interest, for the shareholders. Heron International, setting new standards in quality property development across Europe. With prime developments across the UK and Europe, Heron International is at the forefront of the property investment sector. But in the context of a bid, the interests of the company are generally accepted to be the interests of the current shareholders (Heron International Ltd and others v Lord Grade, Associated Communications Group plc and others [1986 BCLC 382). heron international v grade Heron International Hotel is a luxurious, wellfurnished and stylish hotel located 1 Kms away from Lake Hawassa. At Heron, you can enjoy: Outdoors: Outdoor furniture, Terrace and Garden.