Trial of an application by the joint liquidators of the company, Finch (UK) Plc, against its two directors who were also the owners of the company’s entire issued share capital. The application seeks
(1) declarations that the respondents or either of them were guilty of misfeasance and breach of trust in relation to the issue, allotment and/or redemption of 875,000 redeemable shares in the company of andpound;1 each,
(2) a declaration that the crediting to the director’s loan account of andpound;875,000 in January 2008 constituted a preference in favour of the respondents or either of them,
(3) a declaration that the respondents or either of them were guilty of misfeasance and breach of trust in retaining properties which beneficially belonged to the company, and
(4) further and consequential relief.
Hodge HHJ
Hodge QC HHJ
[2015] EWHC 2430 (Ch)
Bailii
England and Wales
Company, Torts – Other
Updated: 03 January 2022; Ref: scu.551291