Source: All England Reporter
Publisher Citation: [2002] All ER (D) 504 (Jul)
Court: Chancery Division
Judge:

Laddie J

Representation Charles Purle QC (instructed by Withers ) for the claimant.
  Philip Marshall (instructed by Baker McKenzie) for the defendant.
Judgment Dates: 31 July 2002

Catchwords

Company - Shares - Purchase of shares with financial assistance of company - Parties rescheduling agreement for sale of shares in claimant company to offset existing debts - Whether transaction unlawful - ss 151, 152.

The Case

On an application to strike out the claims brought by the claimant against the defendant on the grounds of breach of of the Companies Act 1985, the court ruled that the claimant had failed to make out its contentions and accordingly allowed the application.

Practice Areas

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