The gradual erosion of the ultra vires doctrine in English company law
AffiliationUniversity of Essex
SubjectsCompanies Act 2006
MetadataShow full item record
AbstractPurpose – The purpose of this paper is to discuss the doctrine of ultra vires and its development over time, which is claimed to be one of gradual erosion. Design/methodology/approach – This paper discusses the doctrine of ultra vires and its development overtime, which is claimed to be one of gradual erosion. Findings – It shows how the abolition of the objects clause has signalled the end of ultra vires. Today, it remains nothing more than a ghost, but one which continues to haunt management. Originality/value – It builds on existing research literature.
CitationNyombi, C. (2014) 'The gradual erosion of the ultra vires doctrine in English company law'. International Journal of Law and Management, 56 (5) 347-362.