Reviewed case brief
Erlanger v New Sombrero Phosphate Co
(1878) 3 App Cas 1218
(1878) 3 App Cas 1218 · House of Lords
- Court
- House of Lords
- Year
- 1878
- Subjects
- Company Law
- Reviewed
- 2026-08-02
Rule established
A promoter stands in fiduciary relation to the company and must disclose all material facts including personal profit to an independent board
Facts
Issues
Held
Ratio decidendi
How to use it in an exam
Editorial source
(1878) 3 App Cas 1218
Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.