September 30, 2025
In Fang Angkong v. Green Elite Ltd [2025] UKPC 47, the Privy Council has given an important judgment dealing with the proper purpose rule under s. 121 of the BVI Business Companies Act 2004, and also the question whether shareholder assent under the Duomatic principle requires the same degree of certainty and intention to create legal relations as would be required for a contract. Jonathan Crow CVO, KC represented the appellant.
Read the judgment.
