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Re Rica Gold Washing Co

[1879] 11 Ch D 36

Case summary last updated at 23/01/2020 18:30 by the Oxbridge Notes in-house law team.

Judgement for the case Re Rica Gold Washing Co

·       To apply for winding-up, any member must have a tangible interest in proceedings
Ø  i.e. must stand to receive a more than negligible sum of money upon distribution of assets of company
·       Petition must be in good faith
Ø  i.e. must be for purpose of recovering money
Ø  and not simply to annoy other members

Re Rica Gold Washing Co crops up in following areas of law