Financial Technology Ventures II (Q), LP and Ors v ETFS Capital Ltd and Anor [2021] JCA 191 (20 July 2021)

No party was a clear winner on appeal; each party to bear its own costs; buy-out completion to occur by the earlier of 21 days after JFSC consent or 31 August 2021, with liberty to apply for further directions if needed.

Citation: [2021] JCA 191
Parties: Appellants: Financial Technology Ventures II (Q), LP & Others; First Respondent: ETFS Capital Limited; Second Respondent: Graham Tuckwell
Jurisdiction: Jersey
Judgment Date: 20 July 2021
Procedural Posture: Appeal / Post Judgment Consequential Matters
Outcome: Each party to bear its own costs; buy-out completion timetable set; liberty to apply granted.
Legal Topics: Shareholder Buy Out, Costs of Proceedings, Court Orders, Regulatory Consent

Company Law Appellate Procedure Shareholder Buy Out Costs of Proceedings Court Orders Regulatory Consent

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Full judgment text Downloadable case file Legal principles 2 Authorities cited 6 Party arguments 2

Parties

Financial Technology Ventures II (Q), LP & Others

Appellants

ETFS Capital Limited

First Respondent

Graham Tuckwell

Second Respondent

Procedural Posture

Appeal / Post Judgment Consequential Matters

Legal Issues

1 Timing for completion of buy-out of shares
2 Allocation of costs for appellate proceedings

Ratio Decidendi

Court Disposition

Each party to bear its own costs; buy-out completion timetable set; liberty to apply granted.

Orders

Buy-out of Plaintiffs' shares to be completed by the earlier of 21 days after JFSC consent or 31 August 2021.
Each party to bear its own costs of the appellate proceedings.