Judgment has been handed down today (19 February 2024) in Transwaste Recycling and Aggregates Limited. This was an unfair prejudice petition which sought to challenge transactions worth in excess of £45million on the basis that they formed part of a deliberate and unlawful scheme on the part of the majority to divert profits from the company. 

Gabriella McNicholas acted for the Respondents, led by Thomas Grant KC, and they successfully defended these allegations, and successfully argued that the relief granted should respect and reflect the contractual bargain contained in the shareholders’ agreement so far as possible.

Gabriella was instructed by Milners Solicitors.

Judgment can be viewed here.