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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 995 |
Essay's paper body
For example, if BNP Paribas is a newly set-up company with no significant track record, OUE would not be in a reasonable position to draw expert advise from BNP. It might be subjective but the directors must have acted in good faith and made proper inquiry to rely on BNP Paribas to fulfill the test of reasonability...
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It might be subjective but the directors must have acted in good faith and made proper inquiry to rely on BNP Paribas to fulfill the test of reasonability. Failure to do this might mean that the directors have breached their duty of care.
Duty to Act in Good Faith and Best Interests
OUE intends to, in the article, "to optimise shareholder value for its remaining shareholder's interests in UOB...
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