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When a Saudi Prince plays Russian Roulette with the owner of a Premier League Football club, it’s a recipe for dispute

You are invited to attend an exciting panel event for accountants and professionals advising those who invest in or own businesses. The panel will examine the risks for investors and business owners when going into business together, the steps that can be taken to protect the parties interests and how to resolve disputes when they arrive.

Luke Harrison, Partner, Solicitor-Advocate and Head of Commercial and Insolvency Litigation and Andrew Yates, Partner and Head of Corporate will provide an illuminating illustration of the issues by reference to the recent case of UTB LLC v Sheffield United Ltd & Ors [2019] EWHC 2322 (Ch) which concerned a battle between a Saudi Prince investor and long time owner, Kevin McCabe of now Premiership football club, Sheffield United which involved McCabe losing control of the club after a so called “Russian Roulette” clause was exercised by the Saudi Prince.

We will also hear from Commercial and Insolvency Litigation Senior Associate Alexander Neale and Barrister Sri Carmichael from Hardwicke Chambers on how to address fraud in shareholder disputes with a particular focus on remedies under section 994 Companies Act 2006. They will draw on their recent experience of a section 994 petition heard by Chief Insolvency and Companies Court Judge Briggs which involved the fraudulent transfer of a care home operation business to a new company at the expense of shareholders and creditors.

The panel event will be followed by drinks and canapés with an opportunity to network.

Date: Tuesday 26 November 2019Time: 6pm
Venue: Debenhams Ottaway, Ivy house, 107 St Peter’s Street, St Albans, Herts, AL1 3EW – view map
RSVP: email events@debenhamsottaway.co.uk by 19 November

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The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.