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Legal Terms - de facto director
An individual who is not officially or legally designated as a director of a firm, but who may nonetheless be viewed as one in practice because, for example, he is permitted to hold the office of director or takes on director-related duties (Ultraframe v. Fielding). Statek Corporation v. Alford [2008] EWHC 32 (Ch), [2008] BCC 266; [2005] EWHC 1638 (Ch), [2005] All ER (D) 397).
An individual who is not officially or legally designated as a director of a firm, but who may nonetheless be viewed as one in practice because, for example, he is permitted to hold the office of director or takes on director-related duties (Ultraframe v. Fielding). Statek Corporation v. Alford [2008] EWHC 32 (Ch), [2008] BCC 266; [2005] EWHC 1638 (Ch), [2005] All ER (D) 397).
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