![]() |
[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback] | |
England and Wales High Court (Chancery Division) Decisions |
||
You are here: BAILII >> Databases >> England and Wales High Court (Chancery Division) Decisions >> Telford Homes Plc, Re [2019] EWHC 2944 (Ch) (23 September 2019) URL: http://www.bailii.org/ew/cases/EWHC/Ch/2019/2944.html Cite as: [2019] EWHC 2944 (Ch) |
[New search] [Printable PDF version] [Help]
BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES
COMPANIES COURT (ChD)
Rolls Building Fetter Lane London, EC4A 1NL |
||
B e f o r e :
____________________
IN THE MATTER OF TELFORD HOMES plc | ||
AND IN THE MATTER OF THE COMPANIES ACT 2007 |
____________________
____________________
Crown Copyright ©
MR JUSTICE MARCUS SMITH:
(1) The court must be satisfied that the provisions of the statute have been complied with.
(2) The court must be satisfied that the shareholders (or relevant classes of shareholders and other stakeholders) are fairly represented and that the statutory majority are acting bona fide and are not coercing the minority in order to promote interests adverse to those of the class they purport to represent.
(3) An intelligent and honest person, a member of the class concerned and acting in respect of his own interest might reasonably approve the scheme.
(4) There must be no blot on the scheme, "blot" referring to some additional supervening technical or legal defect in relation to the scheme.