| Commentary

166 Damages for the company’s failure to allot shares

| Commentary

166 Damages for the company’s failure to allot shares

Where a company breaches a contract to allot a specified number of its shares, the normal contractual rules relating to damages will apply, in other words, the court will seek to put the claimant in the position they would have been in had the shares been allotted in accordance with the contract. In some cases, the court may make an order, specifically enforcing the company’s obligation to allot the shares. In this case, the damages will usually be limited to whatever financial loss the claimant has suffered in the period between

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