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by traceroute66 854 days ago
Its clearly quite a technical topic.

But what I would say is, in relation to (2) that you highlight, that "purposes of a company" means that defined in its Articles of Association as created when it the company was formed (and as later amended if that is the case).

So I would argue (2) doesn't apply to the majority of companies, many of whom are likely operating off template Articles without expanded purpose definitions.

In relation to (3), interests of creditors, this was brought before the Supreme Court in recent history[1]. My reading of the summary of the judgement would suggest there is a relatively narrow window for being mandated vs "have regard", in particular:

"All members of the Court agree that AWA’s directors were not at the relevant time under a duty to consider, or to act in accordance with, the interests of creditors"

[1] https://www.supremecourt.uk/press-summary/uksc-2019-0046.htm...