The Weekly Law Reports
[2009] 1 WLR 1988
Privy Council
*Attorney General of Belize and others v Belize Telecom Ltd and another
[2009] UKPC 10
2009 Jan 14;
March 18
March 18
Lord Hoffmann, Lord Rodger of Earlsferry, Baroness Hale of Richmond, Lord Carswell, Lord Brown of Eaton-under-Heywood
Company— Articles of association— Implied term— Shareholder holding specified combination of shares entitled to appoint certain directors— Only such shareholder entitled to remove directors so appointed— After appointing directors shareholder ceasing to hold requisite shares— No other shareholder acquiring specified combination of shares— Whether implied term that in such circumstances directors so appointed would vacate office