Barristers at XXIV Old Buildings have a strong reputation for company and partnership law work, which typically arises from their highly regarded practices in Chancery and offshore matters. Members regularly feature in the Court of Appeal and in the Privy Council on leading and landmark judgments.
We are experienced in acting for companies of all sizes, ranging from start-ups, unicorn companies, multinational companies and conglomerates, and have considerable experience acting for companies, directors, trustees and shareholders alike.
Shareholder disputes, often involving allegations of fraud, form the backbone of the set’s practice, whether in the form of unfair prejudice petitions, derivative actions or beyond. Many of our cases are at the very forefront of developing the law in these areas.
In addition to our litigation practice in this area, members are also comfortable advising boards and shareholders on corporate issues, including on rectification applications, share buybacks and reductions in capital, schemes of arrangement (including schemes under Part 26A of the Companies Act 2006), applications to extend the time within which to register a company charge, and more.
Court of Appeal overturned a previous decision by the High Court following a dispute over the distribution of partnership assets following dissolution.
Actingformer director of SSL in an unfair prejudice petition brought by a former joint venture partner.
Defending directors from allegations of breach of statutory duty in this complex derivative claim. Members of XXIV Old Buildings successfully appeared in the Court of Appeal in this matter, which overturned a High Court decision to enter summary judgment against the defendant directors.
Privy Council (on appeal from the BVI) judgment concerning the proper approach to determining beneficial ownership of company shares.
Defending claims of breach of fiduciary duty brought against a professional services company in the Court of Appeal and in the Privy Council. The appellate courts addressed the law of ostensible authority and the Duomatic principle.
Acting in the DIFC Court of Appeal in a claim concerning the authority of shareholders to bind a company by informal acts.
FSD 145 of 2022: The first case in the Cayman Islands to consider section 64 of the Companies Law relating to the appointment of company inspectors.
to represent a group of shareholders of Petrofac Limited (a Jersey company formerly listed and headquartered in London) to bring a claim against Petrofac for compensation under s.90A and Schedule 10A of the Financial Services and Markets Act 2000 (“FSMA”).
Acting in a dispute concerning a Bahamian Trust which owns very valuable Hong Kong corporate assets, and which carries out its activity through companies in the BVI and Hong Kong.
High Court/Business and Property Court unfair prejudice petition brought by a shareholder and former partner.
Important commercial-chancery litigation which centres on a US$300 million transfer made by the director of a company in liquidation to the defendant bank.
