Re BSB Holdings Ltd
| Jurisdiction | England & Wales |
| Court | Chancery Division |
| Judgment Date | 28 July 1995 |
| Date | 28 July 1995 |
Chancery Division
Before Mrs Justice Arden
In re BSB Holdings Ltd
Company - protection of members against unfair prejudice
Protection against prejudice
The width of the court's jurisdiction to protect a company's members against unfair prejudice could, unless carefully controlled, become a means of oppression. It was important that the legitimate and proper workings of business and the investment of capital should not be inhibited by, for example, unfounded threats of action.
Mrs Justice Arden so held in the Chancery Division, in dismissing a petition, presented under section 459 of the Companies Act 1985 by London Merchant Securities plc (LMS), a member of BSB Holdings Ltd, on February 4, 1992, as re-re-amended pursuant to an order of her Ladyship of February 21, 1995, which sought relief by way of an order under Part XVII of the 1985 Act, against, inter alios, the respondents, Chargeurs SA, Granada Group plc, Pearson Group plc and 11 of their wholly owned subsidiary and nominee companies and against Reed International plc and three of its wholly owned...
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19 cases
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Banco Economico v Allied Leasing
...-Armvent Ltd., In re, [1975] 1 W.L.R. 1679; [1975] 3 All E.R. 441, dicta of Templeman J. applied. (3) -BSB Holdings Ltd. (No. 2), Re, [1996] 1 BCLC 155; [1995] T.L.R. 452, applied. (4) -Bank of Credit & Commerce Intl. S.A. (No. 6), Re, Morris v. Mahfouz, [1994] 1 BCLC 450, followed. (5) -Ca......
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Patrick McKillen (Petitioner) v Misland (Cyprus) Investments Ltd (A Company Registered in Cyprus) and Others
...be able properly to meet the case and the court be able to keep the proceedings within manageable bounds: see Re BSB Holdings Ltd (No2) [1996] 1 BCLC 155 at 159–160, a case of comparable size and complexity. 57 The petition was amended on four separate occasions. Very extensive amendments w......
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Southern Counties Fresh Food Ltd Between: Cobden Investments Ltd v RWM Langport Ltd & Others
...be a causal link between the conduct complained of and the unfair prejudice suffered by the shareholder: Re BSB Holdings Ltd (No 2) [1996] 1 BCLC 155; Irvine v Irvine (No 1) [2007] 1 BCLC 349, 417, para 256. As was held by Jonathan Parker J in Re Blackwood Hodge plc: [1997] 2 BCLC 650, 673:......
- Expo Holdings Sdn Bhd and Others v Toyo Ink Group Bhd
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BVI Analysis Of A Share Allotment In Breach Of Fiduciary Duty
...v Moore Freres & Co [2018] EWHC 2347 (Ch) 12. [2018] EWHC 2347 (Ch) 13. [1919] 2 Ch 114, at 120 14. [2009] EWHC 2893 (Ch) at [82] 15. [1996] 1 BCLC 155 at The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your ......