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New ground in Section 994 decision

This is a case brought under the provisions of section 994, Companies Act 2006 in respect of unfairly prejudicial conduct. This case is of some significant interest: it breaks new ground and is of relevance for business valuers who have an interest in shareholder disputes.

There have been several cases in which equitable remedies have been steered by the lodestone of fairness rather than being compassed by the quasi-partnership concept: 

As with all legal decisions, it is important not to overstate the case and the degree of change: UK jurisprudence continues, in many cases, to examine if the relationships are those of quasi-partnership. This was the position in the case covered by this article: the Judge was concerned to explore the relationships between the parties and he concluded that a quasi-partnership did not exist.