Blomqvist v Zavarco plc; Blomqvist v Peng and others

Company – Shares. The Companies Court held that the claimant was entitled to rely upon estoppel to prevent the first defendant company alleging that shares in it had been unpaid. The actions of the company had constituted representations to the world that the shares had been fully paid. Further, for the purposes of the present proceedings, the issue of shares to another company had been valid, and B had not shown that that should be set aside. B had failed to make out the ground for rectification regarding those shares.

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