Unfair prejudice: court's discretion to order a share purchase | Practical Law

Unfair prejudice: court's discretion to order a share purchase | Practical Law

The Court of Appeal has held that it is within the court’s discretion, as relief for unfair prejudice, to give a party the option of completing a share purchase for a significant sum despite evidence showing the company to be balance sheet insolvent.

Unfair prejudice: court's discretion to order a share purchase

Practical Law UK Articles 9-618-2914 (Approx. 3 pages)

Unfair prejudice: court's discretion to order a share purchase

by Ashurst LLP and Practical Law Corporate
Published on 27 Aug 2015United Kingdom
The Court of Appeal has held that it is within the court’s discretion, as relief for unfair prejudice, to give a party the option of completing a share purchase for a significant sum despite evidence showing the company to be balance sheet insolvent.