There had been a complex deal between companies transferring shares from one to another. It was now sought to have the transaction set aside on the basis that there had been such an undervaluation of its shares as to amount to an unlawful distribution of the company’s assets.
Held: The claim failed.
Judges:
David Donaldson QC J
Citations:
[2008] EWHC 2577 (Ch)
Links:
Jurisdiction:
England and Wales
Cited by:
At First Instance – Progress Property Company Ltd v Moorgarth Group Ltd SC 8-Dec-2010
The appellants appealed against rejection of their claim that there had been an unlawful distribution of capital when the appellant had sold the share capital of a subsidary at an undervalue to the respondent purchaser. The valuation had . .
Lists of cited by and citing cases may be incomplete.
Company
Updated: 29 August 2022; Ref: scu.401876
