Article
Good Faith In Action, Not Just Belief: The UK Supreme Court’s Decision In Saxon Woods Investments Limited V Costa And Its Significance In The Cayman Islands
The UK Supreme Court's decision in Saxon Woods clarifies that directors cannot justify covert or disloyal conduct simply by claiming they sincerely believed they were acting in the company's best interests. This landmark ruling examines the boundaries of the duty to act in good faith, establishing that while business judgment remains protected, the means by which directors pursue their objectives must meet objective standards of loyalty and transparency.
Appleby