O'Neill v Phillips UKHL 24 is a UK company law case on an action for unfair prejudice under s.459 Companies Act 1985 (now s.994 Companies Act 2006). It is the only case thus far in the House of Lords on the provision and it deals with the concept of members of a business having their "legitimate expectations" disappointed.
Read more about O'Neill V Phillips: Facts, Judgment, See Also
Famous quotes containing the word phillips:
“Happy the Man, who void of Cares and Strife,
In Silken, or in Leathern Purse retains
A Splendid Shilling: He nor hears with Pain
New Oysters cry’d, nor sighs for chearful Ale;”
—John Phillips (1676–1709)