CR-2022-BRS-000101 - [2025] EWHC 2291 (Ch)

Looking at the cumulative effect of my discussion of the various objections made by the active respondents, there are two main results. The first is that all claims to standing based on equitable rights in shares have been disallowed. The fourth petitioner accordingly can plead no standing to join in this petition in relation to the eighth respondent, except by way of the completed stock transfer form of 12 January 2025, which has not yet been registered. But on the authorities that is sufficient for section 994(2). So the petition is not demurrable for lack of standing.

The second result is that the allegation of unfairly prejudicial conduct under paragraph 28 does not, as it stands, contain allegations of unfairly prejudicial conduct which are so pleaded as to be attributable to particular active respondents, and hence, absent further amendment, cannot be pursued against them. In addition, some of the particulars given under that paragraph will also be disallowed.

In my judgment, what that means overall is the petition should not be allowed to go forward, at any rate in this state.