Ryde Holdings Ltd v Sorenson - [1988] 2 NZLR 157

Company law — Directors — Duties of directors — Company had four directors one of whom represented a party to a joint venture — Acting on the instructions of his principal that director unilaterally and without consulting the other directors sold the whole of the undertaking of the company — Whether director acted in breach of his duty to the company — Whether principal owed a fiduciary duty to the company — Whether principal was liable for actions of the director.