Representation of shareholders seeking appraisal of fair value of their shares under section 106 (6) of the Companies Act 1981; whether to grant a stay on case management grounds; the company applied for a stay pending the decision in unrelated Privy Council proceedings of similar legal issues; distinguishing cases involving separate sets of proceedings where the parties and factual and legal issues are substantially the same.
Case outcome
Justice Subair Williams ruled in favour of the shareholders and rejected the company application for a stay.