Zedra Trust Co (Jersey) Ltd v THG plc

Subject Matter

COMPANY — Unfair prejudice — Conduct of affairs

[2023] EWHC 65 (Ch), Ch D

COMPANY — Unfair prejudice — Petition — Petitioner applying for permission to re-amend unfair prejudice petition so as to claim equitable compensation — Application made more than six years after claim arising — Whether application to re-amend petition time-barred — Whether limitation period applying to unfair prejudice petitions — Whether permissible to allow re-amendment — Limitation Act 1980 (c 58), ss 8, 9, 36 — Companies Act 2006 (c 46), ss 994, 996 — CPR r 17.4 — Companies (Unfair Prejudice Applications) Proceedings Rules 2009 (SI 2009/2469), r 2(2)

[2024] EWCA Civ 158; [2024] Ch 318; [2024] 3 WLR 59; [2024] 4 All ER 550; [2024] 2 All ER (Comm) 835; [2024] WLR(D) 84, CA

Appellate History

Commentary

Gatehouse Chambers
A limitation period applies to unfair prejudice petitions under section 994 of the Companies Act 2006 (THG Plc and others v Zedra Trust Company (Jersey) Limited) Case comment