Judgment was given yesterday in Liberty Mercian Ltd v Cuddy Civil Engineering Ltd [2013] EWHC 2688 (TCC). The judge held, amongst other things, that a company was not the parent of another company. Whilst the two companies had shareholders and directors in common, there was no dominant influence by the alleged parent and the two companies were not managed on a unified basis. This issue arose in the context of a claim for an outstanding parent company guarantee.
Wednesday 4 September 2013
UK: England and Wales: company did not have a parent company
Judgment was given yesterday in Liberty Mercian Ltd v Cuddy Civil Engineering Ltd [2013] EWHC 2688 (TCC). The judge held, amongst other things, that a company was not the parent of another company. Whilst the two companies had shareholders and directors in common, there was no dominant influence by the alleged parent and the two companies were not managed on a unified basis. This issue arose in the context of a claim for an outstanding parent company guarantee.
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