Corporate Law
Bill, the Managing Director of a Solartec, a subsidiary of the Solar International Group dealing in commercial solar panels and equipment, together with other senior executives learn about the sale of another company, which is their major competitor. They then decide to resign abruptly from Solartec and buy the competing company Aussie Solar. They do this without informing the board of their intentions whereas they also attempt to poach Solartec’s customers. In order to make their decision, they utilize company information entrusted to them. The requirements are the determination of legal rights that the board of Solartec has Continue reading...