Shareholder claims - what does unfair prejudice mean?

In previous articles I have looked at remedies available to shareholders who believe they have been prejudiced. Key to these solutions is the petition for unfair prejudice pursuant to S.944 of the Companies Act 2006. This article explores what is actually meant by unfair prejudice. What is unfair…


Understanding the 'Doctrine of Mistake' in a contract

What is the Doctrine of Mistake? With so much time spent entering into a contract, business owners need to be sure that their efforts are not wasted. This is generally the case and when a contract is agreed both parties are bound to perform the terms of that contract. However, cases exist where…


Duties of Directors UK

A director of a company has a duty to promote the success of that company for the benefit of the shareholders. However, at the point where it becomes apparent that a company is trading insolvent, his duties changes and the director must from this point act in the best interests of the creditors of…