Quasi-partnerships and family companies are dissected when the case of Sally Harding and Rosemary Walton v Elizabeth Edwards and Others is analysed.
The legislative roots for section 994, Companies Act 2006 can be traced back to the draconian powers given to the court to order the winding up of a company in appropriate circumstances. This power is now enshrined in section 122, Insolvency Act 1986 and section 122(1)(g) states that the winding up may happen if, “the court is of the opinion that it is just and equitable that the company should be wound up.”
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