Citation(s) [1916] 2 Ch 426 | ||
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Judge(s) sitting Lord Cozens-Hardy MR, Pickford LJ and Warrington LJ Court Court of Appeal of England and Wales Similar Ebrahimi v Westbourne Galleries, Greenhalgh v Arderne Cinemas, Southern Foundries (1926) Lt, Foss v Harbottle | ||
Re Yenidje Tobacco Co Ltd [1916] 2 Ch 426 is a UK company law and UK insolvency law case concerning just and equitable winding up.
Contents
Facts
Yenidje Tobacco Company Limited had two shareholders with equal shares and each were directors. They could not agree how the company could be managed. There was no provision for breaking the deadlock.
Judgment
The Court of Appeal held the company could be wound up as just and equitable under the Companies (Consolidation) Act 1908 section 129 (now IA 1986 s 122(1)(g)) as the only way to break the deadlock. Lord Cozens-Hardy MR said the following.
References
Re Yenidje Tobacco Co Ltd Wikipedia(Text) CC BY-SA