Global Gaming Ventures (Group) Ltd & Anor v Global Gaming Ventures (Holdings) Ltd & Anor
The appellants were entitled to disclosure of the Requested Documents under clause 5.1 of the Shareholders Agreement and as a director of Holdings; the judge erred in treating the request as subject to a requirement of reasonableness and in finding improper purpose; the urgency and nature of the relief required consideration of the strength of the claim, which was strong.
- Parties
- Claimant/appellant: Global Gaming Ventures (Group) Limited; Claimant/appellant: Anthony Stephen Wollenberg; Defendant/respondent: Global Gaming Ventures (Holdings) Limited; Defendant/respondent: Andrew William Herd
- Jurisdiction
- England and Wales
- Judgment Date
- 30 January 2018
- Procedural Posture
- Civil Appeal / Appeal From High Court Decision on Interim Mandatory Disclosure Order
- Outcome
- Appeal allowed
- Legal Topics
- Directors' Rights of Inspection, Shareholder Information Rights, Interim Mandatory Injunctions, Disclosure Obligations Under Shareholders' Agreements
Case Brief
Summary, issues, holding and outcome
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Parties
Global Gaming Ventures (Group) Limited
Claimant/appellant
Anthony Stephen Wollenberg
Claimant/appellant
Global Gaming Ventures (Holdings) Limited
Defendant/respondent
Andrew William Herd
Defendant/respondent
Procedural Posture
Civil Appeal / Appeal From High Court Decision on Interim Mandatory Disclosure Order
Legal Issues
- 1 Whether the appellants are entitled to disclosure of documents and information under clause 5.1 of the Shareholders Agreement
- 2 Whether a director's right of inspection extends to all company records for a proper purpose
- 3 Whether disclosure was sought for an improper purpose
Ratio Decidendi
The appellants were entitled to disclosure of the Requested Documents under clause 5.1 of the Shareholders Agreement and as a director of Holdings; the judge erred in treating the request as subject to a requirement of reasonableness and in finding improper purpose; the urgency and nature of the relief required consideration of the strength of the claim, which was strong.
Court Disposition
Appeal allowed
Orders
- Disclosure of the Requested Documents to the appellants
Full Case Text
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