Oppression of Shareholders in UK Law
- THE OPPRESSION OF MINORITY SHAREHOLDERS
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Company Law–‐Opposing Oppression
... ... granting relief under section 210 of the Companies Act, 1948, which provides shareholders with a novel remedy against oppression. This is the first reportedS case in England of a successful application under ... ...
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Shareholders: Majority Rule and Minority Rights under Bermuda Company Law
... ... 176 Requisitioned meetings 177 Election and removal of directors 179 Minority shareholders’ remedies at common law 181 Statutory oppression remedy 184 Conclusions 189 ... Minority shareholders have a lot of rights in theory; the problem in practice is enforcing them. The cost of doing ... ...
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WCP LTD V Gambotto: An Opportunity for the High Court to Set Some Corporate Law Norms
... ... would be that IEL would be able to compel other shareholders in WCP to sell their shares to it at a price of $1.80 per ... the amendment to the trticles constituted an act of oppression or a fraud of the majority on the minority. At he trial, ... ...
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Controlling Directors' Pay in English Law and Spanish Law
... ... Among shareholders there also seems to be a general lack of interest in the issue, ... suggested that excessive remuneration could constitute 'oppression' which was then necessary for such an action to be brought. 80 ... ...
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Class action suits by shareholders in India
Purpose: As a part of the overhaul of the corporate governance norms, the Indian Government recently introduced class action suits for shareholders in India. This paper aims to analyze the efficacy...... ... Apart from Section 245,the member can le a suit for oppression and mismanagement under Section 241. It isinteresting to note that the statutory minimum number of members who should le suchan application is the ... ...
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Through the Looking-Glass and What Alice Found There Lord Morton's Dissent in Scottish Insurance Corporation v Wilsons & Clyde Coal Company Limited [1949] AC 462
... ... creditors and the class rights of members, such as preference shareholders. In other words, to support groups which would appear vulnerable ... aims to protect minorities within a company from the potential oppression of majority rule. As such, the general principle is that rights attaching ... ...
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Protection of Minorities Against Oppression Under Section 206 of the Companies Act, 1948
... ... Act, 1948, provides that, where a compromise or arrangement is proposed between a company and its creditors and/or shareholders, the court may on applicntion to it summon a meeting of the classes concerned and if a threequarter majority in value ... ...
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The issue of enforcement in Chinese corporate governance
Purpose: – The purpose of this paper is to discuss two important aspects of enforcement of ethical standards: indirect enforcement, that is the Confucian approach, and common law enforcement. In th...... ... interests of different stakeholders likemajority and minority shareholders and different classes of creditors and employeesand indeed being a good ... actions, shareholders are alsogiven the unfair prejudice or oppression remedy, although in practice many of them willprefer to sell their shares ... ...
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The statutory unfair prejudice remedy for minority shareholder protection in Pakistan. Difficulties of section 290 of the Companies Ordinance 1984
Purpose: The unfair prejudice remedy as contained in s.290 of the Companies Ordinance 1984 entitles a member with a shareholding of twenty percent or more to petition to the court for suitable and ...... ... unfair prejudice remedy pose a challenge to the minority shareholders andthe overall corporate governance and corporate law regime in ... has provided the principal remedy forminority shareholder oppression[7]. Previously one of the most dormant areas of companylaw, due to the ... ...
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