Bratton Seymour Service Company Ltd v Oxborough
Jurisdiction | England & Wales |
Judgment Date | 02 March 1992 |
Date | 02 March 1992 |
Court | Court of Appeal (Civil Division) |
Court of Appeal
Company - articles of association - terms not implied by extrinsic evidence
Terms could never be implied into the articles of association of a company on the basis of extrinsic evidence of surrounding circumstances.
The Court of Appeal (Lord Justice Dillon, Lord Justice Steyn and Sir Christopher Slade) so held on February 21 in allowing an appeal by the defendant, Mr E Oxborough against the decision of Judge O'Malley at Yeovil County Court on July 11, 1990 who had held that the defendant was, by virtue of his membership of the plaintiff company, under an obligation to pay such reasonable contribution, determined by the company, towards...
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...32 of the MDG Articles should be the correct interpretation in the light of the decision in Bratton Seymour Service Co Ltd v Oxborough [1992] BCLC 693 (c) A literal interpretation of Art 32 is consonant with Art 4 of the MDG Articles. (d) Section 161 of CA 2006 does not protect minority sha......
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