Legal updates: landmark unfair prejudice claim

Sophie Brookes and Debbie Shaw, Gateley, examine a landmark unfair prejudice claim by THG, a dispute over a shareholders’ agreement in Saxon Woods and rules on financial promotion exemptions reversed

Unfair prejudice claims: the clock is ticking

In the landmark decision of THG plc & others v Zedra Trust Company (Jersey) Limited [2024] EWCA Civ 158, the Court of Appeal has overturned 40 years of received wisdom by holding that unfair prejudice petitions are subject to statutory limitation periods. The length of the limitation period will depend upon the type of remedy being claimed.

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