Charles Fussell & Co instructed to defend s994 Companies Act Petition

Charles Fussell & Co has been instructed to act on behalf of four of the five potential individual respondents in respect of a shareholders' dispute arising out of a family-owned company. The dispute is complex and arises out of a series of alleged oral agreements made in the 1980s and 1990s within the context of the family business and dynamics. In particular, the central issue in the dispute concerns whether or not an alleged oral agreement between brothers is capable of being enforced in contract law, trust law and/or by means of utilising the mechanism set out in s994 Companies Act 1996. The matter is estimated to be worth up to £8.5 million.

Charles Fussell and Elizabeth Stoppelmoor will be involved in this matter.