Re Yenidje Tobacco Co Ltd

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Re Yenidje Tobacco Co Ltd
Sušenje duvana u Prilepu 2.JPG
Court Court of Appeal
Citation(s) [1916] 2 Ch 426
Court membership
Judge(s) sitting Lord Cozens-Hardy MR, Pickford LJ and Warrington LJ
Keywords
Just and equitable winding up

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.

Facts[edit]

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[edit]

The Court of Appeal held the company could be wound up as just and equitable under the Companies (Consolidation) Act 1908 section 129 (now Insolvency Act 1986, section 122(1)(g)) as the only way to break the deadlock. Lord Cozens-Hardy MR said the following.[1]

See also[edit]

Notes[edit]

  1. ^ [1916] 2 Ch 426, 431

References[edit]

External links[edit]