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United Kingdom unfair prejudicequasi partnership

Interactive Technology Corporation Ltd v Ferster

[2016] EWHC 2896 (Ch)
JurisdictionUnited Kingdom
CourtHigh Court (Chancery Division)
Year2016
StatusPersuasive authority

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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