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The High Court has ruled that a businessmen was unlawfully excluded from his second-hand car business by a private equity firm that had acquired a minority stake in it. The businessman had founded the business in 1986 and was its CEO and, through a...
When ruling on the interpretation of a contractual agreement, the courts' primary focus is on the wording of the agreement itself. Recently, a man who had sold a company successfully applied to the High Court for summary judgment by way of declarations as...
The Court of Appeal has allowed an investment company's appeal against the striking out of an unfair prejudice petition , finding that the claim should proceed to trial. The investment company, which held investments on behalf of a South African group, had...
Purchasers of businesses would be well advised to ensure that their agreement with the seller protects them against any failure to disclose information that may affect the business's value. Recently, the High Court rejected a claim for breach of warranty ...
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...
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...
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...
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...
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...
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...
