The Society sought approval of a scheme of arrangement. The Society had made promises of high returns to some policyholders, which it could not maintain after a decline in interest rates and the stock market. It sought a compromise arrangement. The arrangement had been voted on and accepted by members. Held: The power given by … Continue reading In the Matter of the Equitable Life Assurance Society: In the Matter of the Companies Act 1985: ChD 8 Feb 2002
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Agreements, by which directors were given rights to payments for life, terminable only at their discretion were valid. The agreements were intra vires, and the agreement and support of the only shareholder validated them, even though the strict procedure had not been followed. Citations: Gazette 24-Feb-1999, Gazette 12-May-1999, Times 03-Feb-1999 Statutes: Companies Act 1985 319 … Continue reading Wright and Another v Atlas Wright (Europe) Ltd: CA 3 Feb 1999
E complained that his exclusion from admission to the school had been racially discriminatory. The school applied an Orthodox Jewish religious test which did not count him as Jewish because of his family history. Held: The school’s appeal failed. English law may be at fault because it made no allowance for any justification of direct … Continue reading E, Regina (on The Application of) v Governing Body of JFS and Another: SC 16 Dec 2009
