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Company law, Commercial disputesMonday 19 February 2024

Judgment handed down in Transwaste Recycling and Aggregates Ltd

Judgment was today handed down by Adam Johnson J in the case of Transwaste Recycling and Aggregates Ltd [2024] EWHC 330 (Ch) after a three-week trial of an unfair prejudice petition concerning a waste management company. The judgment addresses in detail issues of perennial interest to the company lawyer: the meaning of unfair prejudice; the interaction between the s.994 jurisdiction and shareholders’ agreements; the appropriate relief to a minority shareholder; the date of valuation; and whether the shareholding should be valued taking into account a minority discount.

Thomas Grant KC and Gabriella McNicholas (Maitland Chambers) acted for the Respondents, and were instructed by Milners Solicitors.

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