Ex parte James

Ex parte James
Court Court of Chancery
Full case name Ex parte James or Re James
Date decided 9 April 1803
Citation(s) (1803) 32 ER 385, (1803) 8 Ves 337
Judge(s) sitting Lord Eldon LC
Keywords
Conflict of interest

Ex parte James (1803) 32 ER 385 is an insolvency and company law case, concerning conflicts of interest, and the absolute duty to avoid them.

Contents

Facts

A bankrupt's estate was purchased by a solicitor to the commission of the bankrupt.

Judgment

Lord Eldon LC stated the following in his judgment.

This doctrine as to purchases by trustees, assignees, and persons having a confidential character, stands much more upon general principle than upon the circumstances of any individual case. It rests upon this, that the purchase is not permitted in any case, however honest the circumstances, the general interests of justice requiring it to be destroyed in every instance; as no court is equal to the examination and ascertainment of the truth in much the greater number of cases.

See also

Notes

References