Reviewed case brief
Rex v Kylsant
[1932] 1 KB 442
The Court of Criminal Appeal upheld the conviction of Lord Kylsant for issuing a prospectus containing a statement that, while literally true, was misleading by reason of what it omitted. A half-truth that creates a false impression is treated as an untrue statement.
- Court
- Court of Criminal Appeal
- Year
- 1932
- Subjects
- Company Law
- Reviewed
- 2026-06-30
Rule established
A half-truth that creates a false impression is as much an untrue statement as a direct lie; misleading omission in a prospectus amounts to misstatement
Facts
Issues
Held
Ratio decidendi
How to use it in an exam
Editorial source
King's Bench Reports
Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.