| Source: | All England Reporter |
| Publisher Citation: | [2012] All ER (D) 116 (Apr) |
| Neutral Citation: | [2012] EWCA Civ 495 |
| Court: | Court of Appeal, Civil Division |
| Judge: | Rix, Etherton and Patten LLJ |
| Representation | Jonathan Nash QC and Ian Wilson (instructed by Macfarlanes LLP) for the claimant. |
| Richard Handyside QC and Edward Levey (instructed by Ashurst LLP) for the defendants. | |
| Judgment Dates: | 24 April 2012 |
Catchwords
Shares - Valuation - Shares in private company - Setting aside valuation - First defendant company valuing claimant's shares at nil - Claimant opposing valuation and bringing action against defendants - Court finding shares valued irrationally but not dishonestly - Court upholding nil valuation - Whether judge erring.
The Case
Shares Valuation. The Court of Appeal, Civil Division, dismissed the claimant's appeal, holding that there had been no error of law in the judge's approach to the valuation of shares in a fund where the defendant had valued the shares at nil.
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