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The High Court has broadly interpreted what amounts to a “company’s affairs” for the purposes of an unfair prejudice petition under s.994 of the Companies Act 2006, and also considered the impact on such a petition of an exit mechanism in a shareholders’ agreement: Wells v Hornshaw [2024] EWHC 330 (Ch).
This case is

On 19 March, the Litigation Funding Agreements (Enforceability) Bill was introduced to Parliament, following on from the government’s announcement on 4 March that it would introduce legislation to reverse the effect of the high profile decision in Paccar last July. In that case, as is well known, the Supreme Court held that litigation funding agreements

The English High Court has granted limited declaratory relief confirming the exclusive jurisdiction of the English courts under the jurisdiction provisions of certain counter-guarantees provided to the claimant Afghan bank by the defendant Indian bank: Afghanistan International Bank v Yes Bank Ltd [2023] EWHC 3294 (Comm).
The decision was made against the backdrop of