Find a Barrister

Find an Arbitrator

Generic selectors
Exact matches only
Search in title
Search in content
people

Contact

Contact with chambers should be made through the Practice Management Team. They are happy to discuss client requirements and provide further information on such matters as the expertise and experience of individual members, fees, working practices and languages spoken. We have members able to work in French, German, Italian, Spanish, Dutch, Swedish, Greek and Chinese (Mandarin).

Outside working hours, a member of our team is always available to be contacted on matters of an urgent nature. Contact should be made using the Chambers main number or email.

To contact our Singapore office, please contact our BD Director, Asia, Rachel Foxton. Out of office hours calls will automatically be diverted to our clerking team in London.

London

20 Essex Street
London
WC2R 3AL

enquiries@twentyessex.com
t: +44 20 7842 1200
DX 0009 Lond/Chan Lane

Singapore

28 Maxwell Road
#02-03
Maxwell Chambers Suites
Singapore 069120

singapore@twentyessex.com
t: +65 62257230

Contact

Contact with chambers should be made through the Practice Management Team. They are happy to discuss client requirements and provide further information on such matters as the expertise and experience of individual members, fees, working practices and languages spoken. We have members able to work in French, German, Italian, Spanish, Dutch, Swedish, Greek and Chinese (Mandarin).

Outside working hours, a member of our team is always available to be contacted on matters of an urgent nature. Contact should be made using the Chambers main number or email.

To contact our Singapore office, please contact our BD Director, Asia, Rachel Foxton. Out of office hours calls will automatically be diverted to our clerking team in London.

London

20 Essex Street
London
WC2R 3AL

enquiries@twentyessex.com
t: +44 20 7842 1200
DX 0009 Lond/Chan Lane

Singapore

28 Maxwell Road
#02-03
Maxwell Chambers Suites
Singapore 069120

singapore@twentyessex.com
t: +65 62257230

13/02/2013

Cha v Staray Capital Limited BVIHC (COM) 128 of 2011

This is an archived article, and some links may not work. Contact us if you have any questions.

The claimant was the minority shareholder in the first defendant company.  It was claimed that the company constituted a quasi-partnership as between the claimant and the majority shareholder. The majority shareholder wished to redeem the shares of the claimant and accordingly amended the articles of association whereby the shares of a shareholder could be redeemed by the company for cause.  The court found on the facts that there was no quasi-partnership and that the amendment of the articles by the majority shareholder was completed bona fide in the interests of the company.  The court found that the conduct of the majority shareholder was not oppressive, unfairly detrimental or unfairly prejudicial to the claimant and as a consequence the claimant was not entitled to relief under s.184I of the BVI Business Companies Act, 2004.  However, the court concluded that the company was not entitled to redeem the minority shareholder’s shares since the conduct of the claimant of which complaint was made by the majority shareholder and the company did not fall within the terms of the amended articles of association that permitted redemption.


Member of Chambers: Stephen Atherton QC for the Defendant


 

Share