Crowd Funded Companies: Court guidance on compulsory share transfers in external administration

Blake Shaw of Ironbridge Legal looks at a recent Supreme Court decision clarifying when compulsory minority share transfers under a DOCA will be approved for CSF-funded companies, confirming that zero residual equity removes any unfair prejudice, and that a breach of the two-director rule does not invalidate an administrator’s appointment where the constitution allows a sole director to act.

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