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Company – Take-over bid. The claimant companies had been beneficial shareholders in the defendant company. The directors of the defendant imposed restrictions on the claimants under Pt 22 of the Companies Act 2006 and pursuant to its articles of association. The claimants commenced derivative actions challenging those restrictions. The defendant's submission that the claimants had not had standing to bring the claims was dismissed by the Chancery Division. The claimants succeeded in part. The defendant and one of the claimants appealed. The Court of Appeal, Civil Division, allowed the defendant's appeal, holding that the defendant's power to impose the restrictions had not been used for an improper purpose. The claimant's submission that the judge had erred in finding that the disclosure notices issued under s 793 of the Act had been valid was dismissed, as was its submission that the judge had erred in finding that the defendant had had reasonable cause to believe that the claimant's disclosure had been false or materially incorrect.
Company – Take-over bid. The claimant companies had been beneficial shareholders in the defendant company. The directors of the defendant imposed restrictions on the claimants under Pt 22 of the Companies Act 2006 and pursuant to its articles of association. The claimants commenced derivative actions challenging those restrictions. The defendant's submission that the claimants had not had standing to bring the claims was dismissed by the Chancery Division. The claimants succeeded in part. The defendant and one of the claimants appealed. The Court of Appeal, Civil Division, allowed the defendant's appeal, holding that the defendant's power to impose the restrictions had not been used for an improper purpose. The claimant's submission that the judge had erred in finding that the disclosure notices issued under s 793 of the Act had been valid was dismissed, as was its submission that the judge had erred in finding that the defendant had had reasonable cause to believe that the claimant's disclosure had been false or materially incorrect.
Sam Townend KC explains the Bar Council’s efforts towards ensuring a bright future for the profession
Giovanni D’Avola explores the issue of over-citation of unreported cases and the ‘added value’ elements of a law report
Louise Crush explores the key points and opportunities for tax efficiency
Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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On the 50th anniversary of the pub bombings, even now it is still unresolved. Chris Mullin, the journalist and former MP who led the campaign leading to the release of the Birmingham Six, looks back at events
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A cultural life and times
