Gharibian-Saki v Trant [2008] EWHC 492 (QB) (12 March 2008)

Gharibian-Saki v Trant [2008] EWHC 492 (QB) (12 March 2008)

There was no oral agreement entitling the claimant to a 50% shareholding or an additional 10% of the proceeds; the claimant's entitlement was limited to 40% as per the documented shareholding and distribution.

Citation
[2008] EWHC 492
Parties
Claimant: Razmik Gharibian-Saki; Defendant: Patrick Murray Trant
Jurisdiction
England and Wales
Judgment Date
12 March 2008
Procedural Posture
Civil Claim / Judgment
Outcome
Claim dismissed
Legal Topics
Shareholder Disputes, Oral Agreements, Beneficial Ownership, Distribution of Sale Proceeds
Company Law Contract Law Shareholder Disputes Oral Agreements Beneficial Ownership Distribution of Sale Proceeds

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Parties

Razmik Gharibian-Saki

Claimant

Patrick Murray Trant

Defendant

Procedural Posture

Civil Claim / Judgment

Legal Issues

  1. 1 Whether there was an oral agreement entitling the claimant to a 50% shareholding in Harbour House Casino Limited
  2. 2 Whether the claimant is entitled to an additional 10% of the proceeds from the sale of the company

Ratio Decidendi

There was no oral agreement entitling the claimant to a 50% shareholding or an additional 10% of the proceeds; the claimant's entitlement was limited to 40% as per the documented shareholding and distribution.

Court Disposition

Claim dismissed