G E Smith Limited v Smith: Smith v Solnik - [1952] NZLR 470

Company Law — Director — Fiduciary Relationship — Liquidation of Company in Contemplation but Manner of effecting It not agreed upon — One Director obtaining Import Licence in His Own Name in respect of Goods in which Company dealt — Such Director later selling His Shares to Co-director but not disclosing Grant of Such Import Licence — Director's Obligations to Company continuing when Licence obtained — Such Director still in Fiduciary Relationship to Company — Trustee of Such Licence for Company and Accountable to It for Profits from Sales made Possible thereunder.