Source: All England Reporter
Publisher Citation: [2002] All ER (D) 405 (Nov)
Neutral Citation: [2002] EWCA Civ 1740
Court: Court of Appeal, Civil Division
Judge:

Auld, Clarke and Jonathan Parker LJJ

Representation Edward Bartley Jones QC (instructed by Wacks Caller, Manchester) for the petitioner.
  Grant Crawford (instructed by Irwin Mitchell) for the respondents.
Judgment Dates: 27 November 2002

Catchwords

Companies - Unfair prejudice to members - Quasi-partnership - Director severing connection for personal reasons - Director wishing to 'put' shareholding onto other members at full value - Effect of quasi-partnership in such circumstances - s 459.

The Case

Section459 of the did not imbue a quasi-partner, without something more, with a right to leave and be paid in full for shares, or to elevate something that was not a binding contract into an obligation to that effect.

Practice Areas

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