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United Kingdom
unfair prejudicequasi partnership
Interactive Technology Corporation Ltd v Ferster
[2016] EWHC 2896 (Ch)
Key Principle
Conduct by majority shareholder-directors that defeats a minority shareholder's reasonable expectations of participation and funding in a quasi-partnership company, and breaches of duty motivated by self-interest, can amount to unfair prejudice under section 994 of the Companies Act 2006, justifying a buy-out remedy.
Area of Law
General
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