In the second hearing in the case of Boston Trust Company Ltd v Szerelmey Ltd & Ors, the judge gave the claimants conditional permission to bring multiple derivative proceedings dependent upon them entered as shareholders on the company members’ register by rectification proceedings or otherwise.
Timothy Carlisle has recently been successful with the other defendants in stalling the claimants who brought a multiple derivative claim. Anyone contemplating such a claim should be aware that where the minority shareholding is by way of a parent company, the claimants must have legal ownership in the shares as recorded in the company’s Register of Members.
The Court of Appeal gave judgment in the long running and multi party case of Blindley Heath Investments Limited v Bass (and others)  EWCA Civ 1023 on Friday 9 October 2015. The case, included two juniors in chambers who acted for the successful parties: Hashim Reza and Timothy Carlisle.