Disputes 180 Episode 12: No Statutory Limitation for Unfair Prejudice Claims

Episode 12 explores the important Supreme Court decision concerning limitation periods for unfair prejudice petitions.

The episode examines the court’s analysis of the Limitation Act 1980, including why claims under Section 994 of the Companies Act are not automatically subject to six- or 12-year limitation periods, and the significance of the court’s broad discretionary powers under Section 996.

It also considers the wider implications of the judgment for shareholder disputes, insolvency litigation and other areas where courts are given similarly broad discretionary powers.

Resources:

• THG Plc (Respondent) v Zedra Trust Company (Jersey) Ltd (Appellant) — UK Supreme Court
• THG Plc (Respondent) v Zedra Trust Company (Jersey) Ltd (Appellant) 
• THG PLC & Ors v Zedra Trust Company (Jersey) Ltd [2024] EWCA Civ 158 (23 February 2024) 
• THG Plc (Respondent) v Zedra Trust Company (Jersey) Ltd (Appellant) 
• Companies Act 2006 — Section 994
• Companies Act 2006 — Section 996
• Limitation Act 1980