Court House of Lords | Citation(s) [1955] 1 WLR 352 | |
Similar Attorney General v Davy, Barron v Potter, Hickman v Kent or Romney, Quin & Axtens Ltd v Salmon, Southern Foundries (1926) Lt | ||
Harold Holdsworth & Co (Wakefield) Ltd v Caddies [1955] 1 WLR 352 is a UK company law case, concerning the proper interpretation of a company's articles. It held that someone with the title of "managing director" has no special powers, unless the articles say them expressly.
Contents
Facts
Mr Holdsworth became the managing director of the textile company after a buyout. But then the parent became dissatisfied and purported to move his duties to a subsidiary. He sued for breach of contract.
Judgment
Earl Jowitt held that the position of managing director did not have some special company law meaning. So the appointment clause was broad enough that if he remained any old director, there was no breach of agreement.
References
Harold Holdsworth & Co (Wakefield) Ltd v Caddies Wikipedia(Text) CC BY-SA