Stuart Wright successfully appeared before Chief Insolvency & Companies Court Judge Briggs in £1.4M shareholder dispute.

Stuart Wright, instructed by Acumen Business Law, successfully secured dismissal of a s.994 – s.996 Companies Act 2006 claim following appearance before Chief Insolvency & Companies Court Judge Briggs in the High Court (Business & Property Courts) by video-hearing.

The Claimant alleged that, by reason of multiple transactions between a number of ‘connected’ companies located in England, the British Virgin Islands and in the USA and by reason of allegedly excessive remuneration paid to directors, his shareholding had been diminished so much that it was effectively worthless. The Claimant sought relief in the region of £1,400,000 pursuant to the ‘unfair prejudice’ provisions of Part 30 of the Companies Act 2006.

Relying on authorities including Re Osea Road Camp Sites Ltd [2005] 1 WLR 760 and Re Grandactual Ltd; Hough and others v Hardcastle and others [2005] EWHC 1415, Stuart Wright successfully argued that the claim should be dismissed with an adverse order for costs against the Claimant.

Stuart Wright is Head of our Civil Team and described in the legal directories as “very good at seeing what’s important and how to steer through a case.”