Scottish Co-op Wholesale Society Ltd v Meyer
http://dbpedia.org/resource/Scottish_Co-op_Wholesale_Society_Ltd_v_Meyer an entity of type: Abstraction100002137
Scottish Co-operative Wholesale Society Ltd v Meyer [1959] AC 324 is a UK company law case, concerning the predecessor of the unfair prejudice provision, an action for "oppression" under section 210 of the Companies Act 1948 (now section 994 of the Companies Act 2006).
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Scottish Co-op Wholesale Society Ltd v Meyer
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Scottish Co-operative Wholesale Society Ltd v Meyer
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15900734
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1082954499
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House of Lords
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Viscount Simonds, Lord Morton of Henryton, Lord Keith of Avonholm and Lord Denning
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Unfair prejudice, oppression, companies
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Scottish Co-operative Wholesale Society Ltd v Meyer [1959] AC 324 is a UK company law case, concerning the predecessor of the unfair prejudice provision, an action for "oppression" under section 210 of the Companies Act 1948 (now section 994 of the Companies Act 2006). The judgement remains a leading precedent for the clear statement that the duty of care of a director is to the company itself, and not to the interests of particular shareholders. It also illustrates the reluctance of English law to "admit the reality of interrelated companies acting in any way other than as a number of separate entities tied together by their relationship as significant shareholders in each other."
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15504