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A - Associate


20/6/19

GRANADA UK RENTAL AND RETAIL LTD v PENSIONS REGULATOR [2019] EWCA Civ 1032

Considers the meaning of “associate” in s 435 Insolvency Act 1986.  A person registered as the holder of shares carrying a third or more of the total votes attaching to the relevant company’s issued shares, and so as between himself and the company “entitled to exercise … one third or more of the voting power” is also to be considered an associate of the company within s 435(10)(b) [129].