Exit remedies for minority shareholders in close companies (IVOR nr. 82) 2011/4.4.4.0:4.4.4.0 Introduction

Exit remedies for minority shareholders in close companies (IVOR nr. 82) 2011/4.4.4.0

4.4.4.0 Introduction

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

S. 994 reads as follows:

(1) A member of a company may apply to the court by petition for an order under this Part on the ground

(a) that the company's affairs are being or have been conducted in a manner that is unfairly prejudicial to the interests of members generally or of some part of its members (including at least himself), or

(b) that an actual or proposed act or omission of the company (including an act or omission on its behalf) is or would be so prejudicial.

Key elements in this provision are: member of a company, company affairs, unfairly prejudicial, interests of the members, actual or proposed act and an act or omission. Before we examine how broadly the courts and judges interpret the scope of unfairly prejudicial conduct, we first will clarify the other important elements in this section.

Deze functie is alleen te gebruiken als je bent ingelogd.