In re Abraham de Gruchy & Co. Ltd. v [1972] JJ 2265 (10 November 1972)

In re Abraham de Gruchy & Co. Ltd. v [1972] JJ 2265 (10 November 1972)

The rights of shareholders of different classes of shares are determined by the company's memorandum and articles in the absence of statutory provision.

Citation
[1972] JJ 2265
Parties
Company: Abraham de Gruchy & Co. Ltd.
Jurisdiction
Jersey
Judgment Date
10 November 1972
Procedural Posture
Company Law / Judgment
Outcome
clarification of legal principle
Legal Topics
Shares, Classes of Shares, Shareholder Rights

Case Brief

Summary, issues, holding and outcome

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Parties

Abraham de Gruchy & Co. Ltd.

Company

Procedural Posture

Company Law / Judgment

  1. 1 Whether, in the absence of statutory provision, the rights of shareholders of different classes of shares depend on the company's memorandum and articles

Ratio Decidendi

The rights of shareholders of different classes of shares are determined by the company's memorandum and articles in the absence of statutory provision.

Court Disposition

clarification of legal principle