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High Court awards costs of s 205 petition to petitioner, except costs of valuation evidence, and awards costs of valuation evidence to respondent by way of offset, after Calderbank letter opened to court.
Company law - costs - oppression of minority shareholder - s 205, Companies Act 1963 - whether respondent entitled to costs - where petitioner had not succeeded on all issues - whether petitioner had unnecessarily elongated proceedings - Calderbank letter - offer to purchase shares for €75,001 in phased payments - Order 99, rule 1, Rules of the Superior Courts (as amended by S.I. 12 of 2008) - value of €58,769.74 assessed by court at hearing - whether s 205 had public dimension beyond mere civil remedy - whether just or fair to award respondent the costs accrued after the Calderbank letter - untenable position adopted by respondent at hearing.
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
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