Module 14 - Shareholders And Minority Protection Flashcards
1
Q
Foss V Harbottle
A
Directors defrauded by selling land to company
Wrong done to company - so can claim damages
2
Q
Kleanthas V Paphitis
A
Paphitis is director and shareholder, takes loan from Ryman to buy La Senza
Derivative claim - denied
3
Q
Wishart V Castlecroft Securities
A
Secret profit transaction
Derivative claim accepted as in bad faith
4
Q
Tay Bok Choon V Tachansan sdn bhd
A
Shareholder significant capital
Exclusion from management - can wind up
5
Q
Re german date coffee company
A
Windup if destruction of company’s substratum
6
Q
Yenidje Tobacco Co ltd
A
Cannot agree on company’s direction
Windup if deadlock
7
Q
Re Lundie Bros Ltd
A
Directors run company as their own
Wind up on lack of probity
8
Q
Hyndman V RC Hyndman
A
Lack of trust or confidence wind up
