Wann and others v Birkinshaw and another

Company – Shares. The Court of Appeal, Civil Division, in an appeal by the directors of a company in respect of valuation of shares for sell-out to a former director allowed the appeal to the extent of finding that the dichotomy, on which the judge had relied, between 'the company' and its issued share capital was, with respect to them, false and, in any event, should have been reduced by half the net borrowings of the company.

Category: