Judgment Date: 22 Nov 2019
In proceedings concerning two petitions alleging unfairly prejudicial conduct, the court emphasised the importance of petitions being fully and properly pleaded. However, the rigour of the approach described in In the Matter of Tecnion Investments Limited [1985] 6 WLUK 68 was less important where the court directed points of claim and points of defence under the Companies (Unfair Prejudice Applications) Proceedings Rules 1986 r.5. In such cases, the petition had to specify the grounds, but need not be fully particularised.
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