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Minority Protection

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Company Law Mind Map on Minority Protection, created by 40055097 on 10/12/2013.
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Mind Map by 40055097, updated more than 1 year ago
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Created by 40055097 over 10 years ago
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Minority Protection
  1. Sell shares
    1. Raise an action
      1. Foss v Harbottle
        1. Majority can do what it likes
          1. Exceptions
            1. Cook v Deeks
              1. fraud
                1. company to give up lucrative contract
          2. s994
            1. Noble and Sons
              1. need to attend boad meeting to protest
              2. O'Donnell v Shanahan
                1. diverting company business to themselves
                2. Saul Harrison & Sons
                  1. Widow took non-voting shares
                  2. s996
                    1. Court can apply what remedey it sees fit
                      1. RH Harmer
                        1. 'President for Life' case
                    2. O'Neil v Phillips
                      1. Promised shares but no contract
                      2. Unfair predjudice
                      3. Derivative Claim
                        1. On behalf of the company
                          1. best interests
                          2. s265
                            1. Huges v Weiss
                              1. missapplying company money
                          3. BIS Investigations
                            1. 'Just and Equitable' winding up
                              1. Principle objective unachievable
                                1. German Date Coffee
                                  1. outdated
                                2. Deadlock in management
                                  1. Yenidje Tobacco
                                    1. Could not be in the same room
                                  2. agreement dishonoured (lawfully)
                                    1. Ebrahimi v Westbourne Galleries
                                      1. quasi-partnership
                                    2. Illegal purpose
                                      1. Thomas Brinsmead
                                      2. Failure to disclose accounts
                                        1. Loch v Blackwood
                                        2. IA s122(g)
                                        3. Judicial factor appointed
                                          1. Weir v Rees
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