United Kingdom Leading Case uncategorized

Houldsworth v City of Glasgow Bank

(1880) 5 App Cas 317; (1880) 7 R (HL) 53

JurisdictionUnited Kingdom

CourtHouse of Lords (on appeal from the Court of Session, Scotland)

Year1880

StatusBinding authority

Key Principle

A shareholder induced to take shares by the company's fraudulent misrepresentation cannot, while remaining a member without rescinding the subscription contract, maintain an action for damages against the company itself.

Area of Law

Related Cases

Statoil ASA v Louis Dreyfus Energy Services LP [2008] EWHC 2257 (Comm); [2008] 2 Lloyd's Rep 685; [2008] 2 CLC 520

Statoil ASA v Louis Dreyfus Energy Services LP (The Harriette N) [2008] EWHC 2257 (Comm); [2008] 2 Lloyd's Rep 685; [2009] 1 All ER (Comm) 1035

R v Rahman [2008] UKHL 45; [2009] 1 AC 129; [2008] 3 WLR 264; [2008] 4 All ER 351

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