Court Of Appeal Clarifies The Requirements For Unfair Prejudice Petitions In Shareholder Disputes
| Published date | 23 December 2021 |
| Law Firm | Quadrant Chambers |
| Author | Mr Joseph Sullivan |
OVERVIEW
Primekings & Ors v King & Ors [2021] EWCA Civ 1943
In a Judgment handed down on Friday 17 December 2021, the Court of Appeal has confirmed that the true ratio of the Court of Appeal majority in Graham v Every [2015] 1 BCLC 41 is that there must be a causal connection between personal actions of a shareholder or third party and some other act or omission constituting conduct of the company's affairs, for such matters to be pleaded in support of a claim for relief pursuant to section 994 of the Companies Act 2006 (unfair prejudice petition proceedings)...
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