Bairstow v Queens Moat Houses Plc [2001] EWCA Civ 712 is a UK company law case concerning share

Share

Share may refer to:to some dume life* To share a resource is to make joint use of it; see sharing.* Share , a man who writes Urdu poetry* Share , a stock or other security such as a mutual fund...

s.

Facts

Counsel argued that directors should be liable for unlawful distributions even when the company was solvent.

Judgment

Robert Walker LJ held that the idea that investors were getting a windfall was wrong. However it may be possible that in suing the directors, an equitable contribution from shareholders could be payable. That argument was not, however, raised here.
Sedley LJ concurred.