LEXLAW Solicitors & Barristers
On 25 February 2026 the Supreme Court held in THG v Zedra that unfair prejudice petitions have no statutory limitation period. The majority also said the six-year rule for section 238, 239 and 423 claims was wrongly decided. We explain what this means for directors facing liquidator claims and the defences that remain.
In a significant July 2026 ruling, the Supreme Court has confirmed that a director’s duty to act in good faith under section 172 of the Companies Act contains an objective element. A director who covertly pursues his own preferred outcome while misleading the board breaches his fiduciary duty, even where his motives are sincere.
Unfair prejudice petitions under section 994 of the Companies Act 2006 offer minority shareholders a powerful legal route to challenge misconduct by those controlling a company. Whether you are being excluded from management, denied information, or having your shareholding diluted, the law provides real remedies. This guide explains everything you need to know about unfair prejudice claims and how LEXLAW’s specialist litigation lawyers can help you pursue or defend one.
English law Unfair Prejudice Petitions offer a remedy for minority shareholders facing oppression by the majority within a company. Where the prospect of winding-up proves undesirable, section 994(1) of the Companies Act 2006 provides an alternative avenue for seeking redress. At LEXLAW, our expert company law team specialises in navigating the complexities of shareholder disputes and unfair prejudice claims.