Judgment Date: 30 Jul 2018
Although company shareholders who had sought relief under an unfair prejudice petition had established that there had been some unfairly prejudicial conduct and had obtained an order that the respondent should purchase their shares, the shares were valued as being worthless so the petitioners had been the unsuccessful parties for costs purposes. The point of establishing unfairly prejudicial conduct was not to establish the point for its own sake, but to enable petitioners to realise their shares for more than a nominal amount.
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