The common law that surrounds section 994 of Companies Act 2006 is complex, a stonework of cases dealing with conduct which may be unfairly prejudicial to one or more shareholders.
The most common reason for shareholders being goaded into taking action under section 994 is exclusion from management in quasi-partnership cases. It is also relatively common in such cases for the petitioner to seek an order that his or her shares should be purchased by the other shareholders.
This is one such case, dated 28 May 2015, which has just been reported.
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