The decision is a salient reminder to majority shareholders that the Court does not consider a fettering of their controlling interest and shareholder position by Administrators as unfair harm when that is done to achieve fairness amongst all shareholders including minority interests.

Ashfords LLP and Joe Curl of 9 Stone Buildings were instructed by the Administrators (Richard Toone and Jason Malony of CVR Global LLP) in the decision of  Mr Justice Tower in Re Hat & Mitre Limited (In Administration).