Frenkel v Lyampert & Ors

Frenkel v Lyampert & Ors

There was no oral agreement entitling Mr Frenkel to a 25.5% shareholding or directorship in the UK Company. The agreement was between Mr Bell and Inc, not with Mr Frenkel personally. Mr Frenkel disavowed any interest in the UK Company in 2010, and the claim is dismissed.

Parties
Claimant: Roman Frenkel; First Defendant: Arkadiy Lyampert; Second Defendant: David Bell; Third Defendant: LA Micro Group (UK) Limited
Jurisdiction
England and Wales
Judgment Date
13 September 2017
Procedural Posture
Civil / Judgment After Trial
Outcome
Claim dismissed
Legal Topics
Shareholding Disputes, Specific Performance, Oral Agreements, Rectification of Share Register, Trusts in Company Shares
Company Law Contract Law Shareholding Disputes Specific Performance Oral Agreements Rectification of Share Register Trusts in Company Shares

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 3 Authorities cited 6 Party arguments 2 Amounts and remedies 5
Sign in to unlock

Parties

Roman Frenkel

Claimant

Arkadiy Lyampert

First Defendant

David Bell

Second Defendant

LA Micro Group (UK) Limited

Third Defendant

Procedural Posture

Civil / Judgment After Trial

Legal Issues

  1. 1 Whether there was an oral agreement entitling Mr Frenkel to a 25.5% shareholding in LA Micro Group (UK) Limited
  2. 2 Whether Mr Frenkel is entitled to specific performance, rectification, or a declaration of trust over shares
  3. 3 Whether dividends and directorships were agreed as alleged by Mr Frenkel

Ratio Decidendi

There was no oral agreement entitling Mr Frenkel to a 25.5% shareholding or directorship in the UK Company. The agreement was between Mr Bell and Inc, not with Mr Frenkel personally. Mr Frenkel disavowed any interest in the UK Company in 2010, and the claim is dismissed.

Court Disposition

Claim dismissed