Robertson v Slous [2002] JLR 361 (22 May 2002)

Robertson v Slous [2002] JLR 361 (22 May 2002)

Deliberately diminishing the value of a company for the benefit of a group management company in which the minority shareholder has no interest constitutes unfair prejudice under Companies (Jersey) Law 1991, art. 141.

Citation
[2002] JLR 361
Parties
Applicant: Robertson; Respondent: Slous
Jurisdiction
Jersey
Judgment Date
22 May 2002
Procedural Posture
Company Law Unfair Prejudice Petition / Judgment
Outcome
Petition allowed
Legal Topics
Minority Shareholders, Unfair Prejudice, Companies (jersey) Law 1991, Art. 141
Company Law Minority Shareholders Unfair Prejudice Companies (jersey) Law 1991, Art. 141

Case Brief

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Parties

Robertson

Applicant

Slous

Respondent

Procedural Posture

Company Law Unfair Prejudice Petition / Judgment

Legal Issues

  1. 1 Whether actions of majority shareholders or management were unfairly prejudicial to the interests of the minority shareholder under Companies (Jersey) Law 1991, art. 141

Ratio Decidendi

Deliberately diminishing the value of a company for the benefit of a group management company in which the minority shareholder has no interest constitutes unfair prejudice under Companies (Jersey) Law 1991, art. 141.

Court Disposition

Petition allowed

Orders

  • Finding of unfair prejudice under Companies (Jersey) Law 1991, art. 141