Patel v Ferdinand


Reference:
[2016] EWHC 1524 (Ch)

Date:
22nd April 2016

Court:
Chancery Division

Facts:

The Petitioner brought a petition for unfair prejudice under s.994 of the Companies Act 2006 arising out of the manner in which her fellow shareholder had left the business to set up her own rival firm of solicitors, and had paid herself substantial sums from the company without authorisation.


Judge:
HHJ Purle QC (sitting as a Judge of the High Court)

Comment:

Caley acted for the Petitioner, instructed by Nelsons Solicitors, and successfully established unfair prejudice. On the relatively unusual facts of the case, the Court determined that the appropriate remedy was for the company to be wound up, bearing in mind that the parties had largely separated their business interests.

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