Peskin v Anderson [2001] 1 BCLC 372, CA
Here the issue for the court to decide was whether directors of a company owed fiduciary duties to the shareholders. Mummery LJ distinguished between on the one hand fiduciary duties owed by directors to the company by virtue of their legal relationship with the company, and on the other hand fiduciary duties owed by directors to shareholders, which did not arise from that legal relationship but which were dependant on establishing a 'special factual relationship' between director and shareholder.
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