The WLR Daily case summaries
[2025] WLR(D) 302
Chancery Division
12345 Retail Group Ltd v Bubble City Ltd and others
[2025] EWHC 1083 (Ch)
2025 Feb 10–14, 17; May 15
Nicola Rushton KC sitting as a deputy High Court judge
Company— Director— Breach of fiduciary duty— Defendant director transferring away subscriber share of company’s subsidiary in breach of fiduciary duty— Subsidiary company issuing new shares after change of ownership— Company subsequently put into voluntary liquidation and subsidiary company diverting away revenues and cash— Whether claimant creditor having proprietary claim to newly issued shares— Whether claimant having standing to apply for rectification of register of members— Whether claimant having claim for equitable compensation—
Companies Act 2006 (c 46), s 125(1)