[2019-2020] James Dickinson acted for Oak Corporate Finance Limited (“Oak”) in the defence of (a) unfair prejudice claims and (b) a free-standing representation seeking (only) to rectify Oak’s shareholders’ register. The claimants alleged that their shares in Oak had been diluted to their prejudice, after they had refused to participate in EUR 14 million plus capital raising. Oak resisted the unfair prejudice claims and inter alia took the position that the representation to rectify Oak’s share register was procedurally misconceived, as the underlying issues were complex and should all be litigated as part of any unfair prejudice proceedings. The claimants ultimately withdrew their representation and were ordered to pay Oak’s costs on the indemnity basis and to make an interim payment to Oak on account of its costs (see [2020] JRC166).
