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Chancery Division of the High Court
Claim No: CR-2024-004856 - [2025] EWHC 2304 (Ch)
Fecha: 10-Sep-2025
Nuisance value
Nuisance value
Finally, Mr Jones values the share on the basis of nuisance value. He makes the assumption that, and considers that it is reasonable to assume that, Koza Altin would pay something to avoid disputes, which he puts at 10% of the value of the net assets of the company. He gives no explanation of how he arrived at this percentage.
- Heading
- Introduction This hearing is dealing with an application (the “ Application ”) made by the Petitioner, Koza Altin İşletmeleri A.Ş. (“ Koza Altin ”), for summary judgment on (or alternatively strike out of the defe
- BACKGROUND Parties
- The confiscation of shares in Koza Altin
- The A ordinary share
- The ordinary shareholders’ Article 4 rights
- The 2016 and 2021 Proceedings
- The Interim Regime
- Disputes over the business of Koza Ltd
- SUMMARY OF KOZA ALTIN’S GROUNDS FOR WINDING UP
- LEGAL PRINCIPLES: SUMMARY JUDGMENT
- LEGAL PRINCIPLES: JUST AND EQUITABLE WINDING-UP
- ARE THERE GROUNDS FOR JUST AND EQUITABLE WINDING-UP?
- IS KOZA ALTIN THE 100% ECONOMIC OWNER?
- The dividend yield basis
- The share of net asset basis
- The value of the right to extract value
- Nuisance value
- My conclusions on the report
- DOES KOZA ALTIN HAVE NO CONTROL? The position up to the hearing
- The position following the undertaking given in the course of the hearing
- UNREASONABLE REFUSAL OF AN ALTERNATIVE
- COLLATERAL PURPOSE
- UNCLEAN HANDS
- STRIKE-OUT APPLICATIONS
- Conclusions