On 6 October 2026, judgment was handed down in Blomqvist v Lunn.

The Claimant alleged that he was the true beneficial owner of a large shareholding in Pennpetro plc (“the Company”). He brought proceedings against a range of defendants as well as the Company itself, alleging that the board had acted unlawfully and seeking rectification of the register under s. 125 of the Companies Act 2006. The Company applied to strike out the claim and/or for summary judgment.

Master Pester ruled in the Company’s favour. He struck out fraud and mismanagement claims against it and agreed with the Company that, notwithstanding Re Hoicrest Ltd [2000] 1 WLR 414 (CA), the Claimant could not have his alleged beneficial entitlement to shares determined on a claim under s. 125. The Claimant has been given leave to replead one discrete contractual claim, and the Court has directed a consequentials phase.

James Shaerf appeared for the Company, instructed by Nicola Billen of DMH Stallard LLP.

Read the judgment in full: Blomqvist v Lunn & Ors [2026]