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Shareholder Accused of Conspiracy Suffered Unfair Prejudice

The Companies Act 2006 gives the courts a range of powers to assist shareholders who have been unfairly prejudiced by the way a company they hold shares in has been run. Recently, the High Court found that a man had suffered unfair prejudice after he was...

Engineering Company Fined for Publishing Inaccurate Accounts

An engineering and consulting company has been fined nearly £13 million by the Financial Conduct Authority (FCA) under Section 91 of the Financial Services and Markets Act 2000 , after it published inaccurate information in its full-year 2022 and 2023...

Insured Losses Reduced by Furlough Payments, Supreme Court Rules

The Supreme Court has dismissed an appeal by a number of hospitality companies against a decision that furlough payments they received during the COVID-19 pandemic served to reduce the amounts payable to them under their business interruption cover. The...

Court of Appeal Rejects Man's Claim to Half Share of Company

Business agreements should always be formally documented, and failing to do so is a recipe for dispute in the future. Recently, the Court of Appeal dismissed a man's appeal against the rejection of his claim that he had been promised a 50 per cent share in...

Farmer Entitled to Buy Out Brother's Share in Partnership

A recent case in which the Court of Appeal confirmed that a farmer was entitled to buy out his brother's interest in a family farming partnership illustrates the wisdom of having a partnership agreement in place which specifically details the rights and...

Man Who Illegally Acted as Company Director Sentenced

A man who illegally acted as a company director while bankrupt has been handed a suspended sentence. He had been declared bankrupt in October 2021. However, investigations by the Insolvency Service revealed that he had operated as a director of four...

Court of Appeal Upholds Award of Damages to Misled Investors

When seeking investment, businesses should ensure that any information a prospective investor might rely on when deciding to invest is accurate. Recently, the Court of Appeal dismissed a company director's appeal against an award of damages to two...

Hotel Venture in France Was a Partnership, High Court Rules

A recent High Court decision concerning whether a man and woman who planned to open a hotel in France were in partnership illustrates the wisdom of formally documenting agreements to set up in business and of taking appropriate legal advice. In June 2018,...

Lead Generator Fined for Sending Unsolicited Texts

The Information Commissioner's Office (ICO) have fined a self-employed lead generator £200,000 for sending unsolicited text messages regarding debt reduction schemes and energy saving grants. The lead generator had previously come to the ICO's...

Arbitration Appeal Was Brought Out of Time, High Court Rules

The importance of being aware of the rules that apply to arbitration proceedings was highlighted by a recent High Court case in which an appeal against an arbitration award was struck out on the basis that it had been brought out of time. A seller had...
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