Auden McKenzie (Pharma Division) Ltd and other companies v Patel and another

Company – Share purchase agreement. The first defendant had no real prospect of successfully defending the claimant companies' claim for damages for, among other things, deceit in relation to the alleged misrepresentation of the financial circumstances of the first claimant company following the entry by the second claimant company into a share purchase agreement for the purchase of the first claimant's holding company. Consequently, the Commercial Court granted summary judgment on the first claimant's claim for damages against the first defendant. However, the court was not prepared to decide any other points on a summary basis, including the first defendant's counterclaim and additional claim.

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