*/
Company – Member. The petitioner, who was excluded from the first defendant company, which she had owned as a quasi-partnership with the second defendant, presented a petition to the court, under s 994 of the Companies Act 2006, alleging that the second defendant had conducted the affairs of the company in an unfairly prejudicial manner. The Companies Court, in granting the petition, held that the second defendant had acted in a manner which had been unfairly prejudicial to the interests of the petitioner in respect of the company. Accordingly, an order was made, requiring the second defendant to purchase the petitioner's shares in the company at the price reflecting the fair and proper value of the petitioner's shares in the company as at the date she had been excluded.
Company – Member. The petitioner, who was excluded from the first defendant company, which she had owned as a quasi-partnership with the second defendant, presented a petition to the court, under s 994 of the Companies Act 2006, alleging that the second defendant had conducted the affairs of the company in an unfairly prejudicial manner. The Companies Court, in granting the petition, held that the second defendant had acted in a manner which had been unfairly prejudicial to the interests of the petitioner in respect of the company. Accordingly, an order was made, requiring the second defendant to purchase the petitioner's shares in the company at the price reflecting the fair and proper value of the petitioner's shares in the company as at the date she had been excluded.
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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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