Specialism: Shareholder Disputes

Privy Council abolishes the Shareholder Rule – Jardine Strategic

The Judicial Committee of the Privy Council has abolished the long-standing “Shareholder Rule” in Jardine Strategic Limited v Oasis Investments II Master Fund Ltd [2025] UKPC 34. Despite arising from a Bermudian dispute, the ruling applies in England and Wales, confirming that companies can assert legal professional privilege against their shareholders. The Board held that the rule lacked a sound legal foundation, overturning a century of precedent and marking a major shift in shareholder litigation and company law.

Share Purchase Agreements: Getting your fair share

23es barristers Brad Pomfret KC and Qasver Khan explore the surge in Share Purchase Agreement (SPA) claims in 2025. They examine key legal risks and insurance trends, and highlight what solicitors need to know when navigating the complexities of SPAs—from warranties and disclosure letters to indemnities and limitation clauses. Their specialist insight offers valuable guidance on understanding claim pitfalls, the role of valuation, and how to approach SPA disputes effectively.

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