Loch v John Blackwood Ltd [1924] AC 783
Country:
United Kingdom
Reviewed By Oxbridge Law Team
Updated 2024-01-04 07:12:46 UTC
Man set up a company; after his death, company was run by trustee for benefit of his estate (which included trustee’s wife).
Trustee began to run business as if it were his own, and allotted shares so as to give himself and his wife voting control, as well as paying himself a large salary.
Held
Other members of company could have no confidence in manner in which trustee ran company.
Thus winding-up order granted.
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