Delay & discretion post-Zedra

• Covers limitation and unfair prejudice petitions after the landmark case of THG Plc v Zedra Trust Company (Jersey) Ltd.

THG Plc v Zedra Trust Company (Jersey) Ltd [2026] UKSC 6 has brought welcome clarity to a question that had unsettled company lawyers and litigators alike: whether statutory limitation periods apply to unfair prejudice petitions under s 994 of the Companies Act 2006.

In overturning the Court of Appeal’s 2024 decision, the Supreme Court has restored what had long been understood to be the correct position, that no statutory limitation period applies to s 994 claims. The judgment is significant not simply because it reinstates 40 years of ‘received wisdom’, but because it provides a principled explanation of the juridical nature of unfair prejudice relief, and the proper role of limitation concepts in this area of company law.

This article examines the decision in THG, explains why the Supreme Court