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Global capital, local rules: litigation risks for international investors in UK real estate development
Friday 5 June 2026 | 2pm - 3.30pm
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LIDW 2026
View moreInsolvency, Commercial disputes, Company lawFriday 22 December 2023
High Court grants buy-out order in Knell v Van Loo
This case involved a 7-day trial of an unfair prejudice petition, followed by a one-day quantum hearing. The petition was brought by minority shareholders in respect of two substantial property developments; at trial the Deputy Judge found numerous incidents of unfair prejudice, including a failure on behalf of the board to exercise valuable contractual rights held by the Company. Whilst the Company was heavily balance-sheet insolvent, the Deputy Judge granted a buy-out order in the Petitioners’ favour, on the basis that the Company be valued as if the unfairly prejudicial acts had not occurred, and, in addition, that part of the Company’s debt be ignored for the purposes of the buy-out order.
Jessica Brooke was instructed by Clintons and appeared for the successful Petitioners.
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