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Loch v John Blackwood Ltd [1924] AC 783

By Oxbridge Law TeamUpdated 04/01/2024 07:12

Judgement for the case Loch v John Blackwood Ltd

Table Of Contents

  • Man set up a company; after his death, company was run by trustee for benefit of his estate (which included trustee’s wife).

  • Trustee began to run business as if it were his own, and allotted shares so as to give himself and his wife voting control, as well as paying himself a large salary.

Held

  • Other members of company could have no confidence in manner in which trustee ran company.

  • Thus winding-up order granted.

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