Magic Investments S.A. (Appellant) v Broadbent and another (Respondents)
Wednesday 13 May 2026
Magic Investments S.A. (Appellant) v Broadbent and another (Respondents) (external link)
By Appellant’s Notice filed on 15 October 2025 the Appellant appeals the decision of the High Court delivered on 25 July 2025.
The appeal concerns a shareholder dispute in The Greater Good Fresh Brewing Co Ltd, founded by the Respondents. The founders had both loaned substantial sums to the company. In 2021, Magic Investments SA invested almost £1 million for shares, under a Subscription Agreement, a Nomination Agreement allowing it to nominate a director, and a deed binding it to the shareholders’ agreement. Later that year, all shareholders agreed to terminate the existing shareholders’ agreement and adopt new articles.
In 2022, the first Respondent converted part of his loan into shares through a share offering that Magic opposed. Magic brought a petition alleging unfair prejudice based on the board seat, failure to amend the shareholders’ agreement, dilution of its shareholding, and a proposed amendment pleading oral agreements.
The High Court dismissed the appeal.
Appellant’s Supplemental Skeleton Argument
Respondent’s Skeleton Argument
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