THE CОRPОRАTЕ OPPОRTUNITУ DОCTRINЕ: FOREIGN EXPERIENCE AND NATIONAL LEGISLATION
DOI:
https://doi.org/10.47390/SPR1342V5I8Y2025N41Keywords:
korporativ imkoniyat, fidutsiar majburiyat, sodiqlik burchi, direktor javobgarligi, ayb, zarar, sababiy bogʻliqlik, manfaatlar toʻqnashuvi, anglo-sakson huquqiAbstract
This article discusses the doctrine of corporate opportunities and the fiduciary duties of directors in utilizing such opportunities. Within the scope of fiduciary obligations, the focus is placed on prioritizing the company’s interests, avoiding conflicts of interest, and refraining from personal exploitation of corporate opportunities. The development of the “corporate opportunities doctrine” is analyzed through case law examples from the United States, the United Kingdom, Germany, and other common law jurisdictions. Although Uzbekistan’s legislation is not yet fully developed in this area, recent legislative initiatives indicate an intent to incorporate this legal concept. The article highlights the possibility of holding directors civilly liable for misusing corporate opportunities, with a focus on the legal criteria of unlawfulness, fault, damage, and causation.
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