UK: Supreme Court decision in Farstad v Enviroco due this week

The Supreme Court has announced that its decision in Farstad Supply A/S v Enviroco Limited, on appeal from [2009] EWCA Civ 1399, [2010] 1 BCLC 477, will be given this Wednesday (6 April): see here. The Supreme Court was required to consider whether a company whose parent company had pledged its controlling shares in the alleged subsidiary to a bank as security remained a subsidiary of that parent company within the meaning of Section 736 of the Companies Act (1985) (now see Section 1159 and Schedule 6 of the Companies Act (2006)).