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Company Law

Analysis - guidance - compliance

24 FEB 2014

MOXON v LITCHFIELD AND OTHERS [2013] EWHC 3957 (Ch)

MOXON v LITCHFIELD AND OTHERS [2013] EWHC 3957 (Ch)

Chancery Division

Hildyard J

12 December 2013

Introduction

[1] The Petitioner, Richard Anthony Moxon ("Mr Moxon"), seeks redress in respect of (a) his removal from office as a director and his exclusion from management of the sixth respondent, LCM Wealth Management Limited ("the Company" or "LCM") and (b) the implementation (or purported implementation) of provisions in the Company's Articles of Association and in an agreement between the Company's shareholders which compel the transfer of Mr Moxon's shares at par value if (as the other shareholders contend) he is to be characterised as a "Bad Leaver" within the meaning of those provisions.

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