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Atlasview Ltd V Brightview Ltd
is a UK company law case, which concerns a claim for unfair prejudice (now s 994 Companies Act 2006) and raised the question of barring a claim if attempted to recover for reflective loss (loss to the company, which also prejudices a member). The case is a notable precedent because it makes clear that a nominee shareholder is also a legitimate petitioner for unfair prejudice.L Sealy and S Worthington, ''Sealy's Cases and Materials in Company Law'' (9th edn OUP 2010) 651; PL Davies, ''Gower and Davies Principles of Modern Company Law'' (8th edn Sweet and Maxwell 2008) 683. Facts Brightview Ltd provided internet services. Its shares were in two classes, X and Y shares. Mr Shalson held the majority of X shares through another company called Reedbest Properties Ltd. Atlasview Ltd controlled the majority of Y shares. Brightview's business had faltered after it failed to fulfill an immediate demand to repay a loan of £5.24 million from the X shareholders. An Administration (law), adm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High Court Of Justice
The High Court of Justice in London, known properly as His Majesty's High Court of Justice in England, together with the Court of Appeal of England and Wales, Court of Appeal and the Crown Court, are the Courts of England and Wales, Senior Courts of England and Wales. Its name is abbreviated as EWHC (England and Wales High Court) for legal citation purposes. The High Court deals at Court of first instance, first instance with all high value and high importance Civil law (common law), civil law (non-criminal law, criminal) cases; it also has a supervisory jurisdiction over all subordinate courts and tribunals, with a few statutory exceptions, though there are debates as to whether these exceptions are effective. The High Court consists of three divisions: the King's Bench Division, the #Chancery Division, Chancery Division and the #Family Division, Family Division. Their jurisdictions overlap in some cases, and cases started in one division may be transferred by court order to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
