Thanks for the hints, They are in breach of their fiduciary duties, they have conflict of interest and they have behaved with deceitful intentions and not with reasonable care, skill and diligence, etc.... they also breach their duty to promote the success of the company. Basically we create a separate company for developing certain renewable energy projects, we had several valuable contracts and these guys screwed up. They even tried to act as financial advisers to some M&A transactions without being registered with the FSA.The whole situation is not really such a worthwhile, and i do not plan to take over or similar but probably to force liquidation and ask for damages and some unpaid expenses as the directors shall be personally liable. To be honest is more a pain in the ass and the reputation damaged it created
Last edited by mencey
on August 21st, 2007, 10:00 pm, edited 1 time in total.