Unfair prejudice petitions under s.994 Companies Act 2006 are a key way for minority shareholders to pursue claims when their interests have been adversely affected by the conduct of the majority. However, until very recently, there was considerable doubt as to whether claims brought in this way by minority shareholders could be time-barred under the provisions of the Limitation Act 1980, and, if so, how. The received wisdom was that they probably couldn’t be.
Sign ups are now open for our upcoming Employment and Immigration seminar! Our very own Employment Partners, Nicholas Lakeland and Victoria Brockley, will delve into the latest updates in Employment Law. This will be followed by our Partner and Head of Immigration, Victoria Welsh, as she analyses the recent amendments to UK Immigration Law and the implications on UK businesses.
A flying freehold has no relationship to a flying fortress (a US Boeing engined heavy bomber developed in the 1930’s) but is an English legal term to describe a freehold which overhangs (or underlies) another freehold. There is a counterpart situation known as a creeping freehold, for example, a basement or cellar belonging to one freehold underlies a different freehold at ground level.
