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Company – Shares. The claimant was the son of the second defendant. He worked with her and her husband, the first defendant, in building up a business that traded goods from the United Kingdom to Russia. A dispute arose as the beneficial ownership of the issued shares in a company owned by the parties. The claimant submitted that he beneficially owned one third of the shares in the company. The Chancery Division held that, on the evidence, a third of the shares in the company were owned by the claimant, and hence his claim would succeed.
Company – Shares. The claimant was the son of the second defendant. He worked with her and her husband, the first defendant, in building up a business that traded goods from the United Kingdom to Russia. A dispute arose as the beneficial ownership of the issued shares in a company owned by the parties. The claimant submitted that he beneficially owned one third of the shares in the company. The Chancery Division held that, on the evidence, a third of the shares in the company were owned by the claimant, and hence his claim would succeed.
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