Maidment v Attwood and others: [2012] EWCA Civ 998; [2012] WLR (D) 220
“Where a minority shareholder had brought a petition under section 994 of the Companies Act alleging that remuneration paid to a director of a now insolvent company in liquidation was excessive and therefore unfairly prejudicial, there was no basis in the statutory provisions or in principle or in authority to impose a requirement for diligence on shareholders in regards to the company’s filed accounts.”
WLR Daily, 19th July 2012
Source: www.iclr.co.uk
