PREJUDICED SHAREHOLDERS - S. 178

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Post Graduate COMMERCIAL AND BUSINESS LAW Mind Map on PREJUDICED SHAREHOLDERS - S. 178, created by Darshan Roopun on 08/30/2013.
Darshan Roopun
Mind Map by Darshan Roopun, updated more than 1 year ago
Darshan Roopun
Created by Darshan Roopun over 11 years ago
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Resource summary

PREJUDICED SHAREHOLDERS - S. 178
  1. the origin of this section:
    1. s. 459 of CA UK
      1. which provides for a remedy where “the company’s affairs are being or have been conducted in a manner which is unfairly prejudicial to the interests of its members generally or some part of its members”
      2. providing shareholders with an alternative to winding up the company under the “just and equitable” rule.
      3. Hoffman J, Re Postgate & Denby (Agencies Ltd) [1987] BCLC 8,14.
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