The company became involved in a takeover bid. It was referred to the Monopolies Commision, and the buyer undertook not to increase his shareholding pending the report. In the meantime another buyer acquired a majority shareholding. The buyer had not been released from his undertaking even though it had been found that his proposed take-over would not be contrary to the public interst. The buyer had therefore been prevented from acquiring a majority interest and claimed damages in negligence from the defendant Secretary of State. The defendant appealed a refusal to strike out the claim.
Held: The buyer had a clear private interest in being released from his undertaking immediately it became unnecessary, and the defendant owed a duty in private law to him to exercise reasonable care. The claim in private law was properly commenced by writ.
Citations:
[1992] 4 All ER 280
Jurisdiction:
England and Wales
Citing:
Applied – Roy v Kensington and Chelsea and Westminster Family Practitioner Committee HL 6-Feb-1992
The respondent had withheld part of the plaintiff’s GP payments saying that he had failed to devote himself full time to his practice. The plaintiff sued, and the defendant sought to strike out his application, saying that his application had to be . .
Cited – Lonrho plc v Fayed HL 2-Jan-1991
In a conspiracy, the intent to injure need not be the primary intent, but there must be some intent which involves the conspiring parties directing their minds towards the victim or a category of persons which would include the victim as a target to . .
Lists of cited by and citing cases may be incomplete.
Administrative, Negligence
Updated: 30 April 2022; Ref: scu.214293