A contract may be discharged on the ground of frustration when something occurs after the formation of the contract which renders it physically, legally or commercially impossible to fulfil the contract, or transforms the obligation to perform into a radically different obligation from that undertaken at the moment of entry into the contract. In National Carriers Ltd v Panalpina (Northern) Ltd [1981] A.C. 675, the test was set out as follows: " Frustration of a contract takes

The Supreme Court has held that claims in unfair prejudice petitions under section 994 of the Companies Act 2006 (CA 2006) are not subject to limitation periods under the Limitation Act 1980 (LA 1980). The appellant, a minority shareholder, sought to amend a section 994 petition to include an allegation that it had been wrongly excluded from a bonus share issue made more than six years earlier and claimed compensation for the alleged resulting loss. The Court of Appeal had he