Unfair prejudice petitions under s.994 Companies Act 2006 are a key way for minority shareholders to pursue claims when their interests have been adversely affected by the conduct of the majority.  However, until very recently, there was considerable doubt as to whether claims brought in this way by minority shareholders could be time-barred under the provisions of the Limitation Act 1980, and, if so, how.  The received wisdom was that they probably couldn’t be.

Following only modest engagement with its consultation of the UK legal sector, the UK Government announced that it will sign the United Nations’ Convention on International Settlement Agreements Resulting from Mediation (the Singapore Convention).