February 28

Minority Shareholders have the right not to be oppressed

“Remedies for unfairly prejudicial conduct towards shareholders appear in s 994 of the Companies Act 2006 (UK), 3 Part 2F.1 (ss 232-235) of the Corporations Act 2001 (Cth) and s 174 of the Companies Act 1993 (NZ). The remedy dates from 1948, when the original ‘oppression remedy’ was enacted in the UK. (Companies Act 1948(UK).