Shareholder Remedies Flashcards
1
Q
traditional approach and case
A
owed to the company (Foss v Harbottle)
2
Q
Remedies without application to court
A
Right to inspect company records -s216
Request for information – s178
Shareholder buy out rights – s129
3
Q
remedies with application to court (with cases)
A
Injunctions – s164
Derivative action – s165
Personal actions – ss169-173 (Newman Industries)
Unfair prejudice remedy – s174 (Thomas v H W Thomas)
Liquidation – s241 (Flett v J H Flett)
