header-logo header-logo

26 October 2012
Issue: 7535 / Categories: Case law , Law digest , In Court
printer mail-detail

Company

Bamford and others v Harvey and another [2012] EWHC 2858 (Ch), [2012] All ER (D) 182 (Oct)

While “wrongdoer control” was not an absolute condition for a derivative claim, and while it was clearly desirable that the interpretation of the statutory provisions or their equivalents should be the same in England as in Scotland, there was nothing in the case of Wishart v Castlecroft Securities Ltd [2010] CSIH 2 to suggest that the potential for the company itself to commence proceedings was not a relevant consideration in the exercise of the court’s discretion. On the evidence, it was impossible to avoid the conclusion that the mechanism of instituting a claim by the company against H through the agreement had simply been overlooked. It was not elevating “wrongdoer control” to a preclusive condition for the court to hold that when proceedings clearly could be brought in the name of the company and there was no objection raised on that ground, they ought to be brought in the name of the company.

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Walkers—Muriel Marseille

Walkers—Muriel Marseille

Ashurst's Chief Risk Officer joins Walkers

Excello Law—John Osborne

Excello Law—John Osborne

Northern family lawyer John Osborne joins Excello

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

Trio of promotions announced at Kidderminster law firm mfg Solicitors

NEWS
A sole director can conspire with their own company for the purposes of the tort of unlawful means conspiracy, the High Court has ruled in a judgment with potentially wide implications for business disputes
The Court of Appeal has reinforced that domicile depends on intention rather than residence alone, in a significant post-Brexit ruling on cross-border financial remedy claims
The Chancery Division's long history comes to an end this autumn as it is reborn as the Business and Property Division, prompting questions over whether the shake-up is really necessary
The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
Rejecting a generous settlement can prove an expensive mistake, as two recent high-profile cases demonstrate
back-to-top-scroll