East Asia Company Ltd v PT Satria Tirtatama Energindo (Bermuda)

Company – Shares. The appellant company's action to strike out the name of the respondent company as the holder of all of a related company's issued shares succeeded. The Privy Council held that one of the appellant's representatives, who had purported to sign an agreement between the parties (the HOA), had lacked the ostensible authority to do so. Further, the HOA and the share transfer purportedly made pursuant to it had been avoidable.

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