“Private bodies exercising public functions can face judicial review”
Datafin sought judicial review of a decision by the Panel on Takeovers and Mergers regarding a contested takeover bid. The Panel was a self-regulating body without statutory powers, deriving authority from the consent of financial institutions. The Panel argued it was not amenable to judicial review as it was not a public body.
Whether a self-regulating body without statutory authority could be subject to judicial review when exercising functions of a public nature.
The Panel on Takeovers and Mergers was amenable to judicial review despite being a private body, because it exercised public law functions in regulating takeovers.
This case significantly expanded the scope of judicial review to cover non-statutory bodies exercising public functions, establishing the 'public function test' for amenability to judicial review.
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OSCOLA Citation
R v Panel on Takeovers and Mergers, ex p Datafin plc [1987] QB 815 (CA)
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