THG Plc (Respondent) v Zedra Trust Company (Jersey) Ltd (Appellant)

Case summary

Case ID

UKSC/2024/0047

Parties

Appellant(s)

Zedra Trust Company (Jersey) Ltd

Respondent(s)

THG Plc

Issue

Is there a statutory limitation period applicable to a claim under section 994 of the Companies Act 2006? If so, what is that period?

Facts

Zedra Trust Company (Jersey) Ltd (‘Zedra’) is a minority shareholder in a retail company, THG Plc (‘THG’). In 2019, Zedra brought a claim against THG under section 994 of the Companies Act 2006 alleging that the conduct of THG’s affairs was unfairly prejudicial to Zedra. In 2022 Zedra applied to amend its claim to include allegations about share distributions made in July 2016. THG opposed the amendment, arguing that Zedra’s complaint in respect of the July 2016 distributions was brought too late and therefore time-barred by the Limitation Act 1980. The High Court allowed Zedra’s amendment, holding it was not time-barred. THG appealed to the Court of Appeal. The Court of Appeal allowed THG’s appeal, concluding the amendment was time-barred. Zedra now appeals to the Supreme Court.

Date of issue

26 March 2024

Judgment appealed

Appeal

Justices

Lord Hodge

Lord Lloyd-Jones

Lord Briggs

Lord Burrows

Lord Richards

Hearing dates

Full hearing

Start date

17 February 2025

End date

18 February 2025

Watch hearings

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