[2023]GRC061 - CLO Holco Limited v Highland CLO Funding Limited - 1 - December - 2023

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Complaint of “unfairly prejudicial” conduct of company’s affairs under ss349 and 350 of Companies (Guernsey) Law 2008. Review of principles. Relevant prejudice must be to Plaintiff’s interests as a member of the company and not otherwise. Prejudice must also be “unfair”. No such conduct in this case; application dismissed. Court could not, in any event, grant relief which overrode contractual rights of other members of the company not convened, or of third parties.