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Mr Andrew McGuinness (EA Law Solicitors) for the Petitioner Mr Marc Beaumont (Beaumont Legal Services Limited) for the Respondents Hearing dates: 14-15 and 18-20 November 2024 ____________________
This judgment is handed down remotely by circulation to the parties' representatives by email and release to The National Archives.�
The date and time for hand-down is deemed to be 10:00am on Thursday 19 December 2023
a) " the case of the Petitioner could be argued with reference to promissory estoppel, proprietary estoppel (which applies to all forms of assets), estoppel by conduct and the detrimental reliance of the Petitioner undertaking substantial work � at the explicit request of the First Respondent without remuneration. "
c) " As to an implicit term not to cause unfair prejudice to the Petitioner, this arises by law namely section 994 of the Companies Act 2006. For the avoidance of doubt, it was an explicit term of the spoken variation that the shares of the Petitioner would be returned to him as ordinary shares or treated as ordinary shares as between the Petitioner and First Respondent, upon the discharge of his criminal sentence and release from prison. "
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