United Kingdom unfair prejudicedirectors remunerationdividends

Re CF Booth Ltd

[2017] EWHC 457 (Ch)

JurisdictionUnited Kingdom

CourtHigh Court (Chancery Division)

Year2017

StatusBinding authority

Key Principle

The payment of excessive directors' remuneration to the controlling shareholders, combined with a no-dividend policy not pursued in good faith for the benefit of the company, can constitute conduct unfairly prejudicial to the minority under s.994 Companies Act 2006, justifying a buy-out at a value adjusted to reverse the prejudice.

Area of Law

General

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