BUS2 365 Lecture Notes - Lecture 18: Numbered Company, Well-Founded Relation, Unfair Prejudice In United Kingdom Company Law
5 Mar 2018
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Document Summary
Minority protection: standing and the representative action. Cml and statutory responses to problem of majority control at expense of minority shareholders: cml, as property owners, shareholders should be able to act on their rights. Statutes: broader reforms than thought necessary if focus is just on potential for abuse of power by majority at expense of minority, legislators often for wide-ranging remedial frameworks (cbca and qbca) that give. Interests of corp as a whole and outsiders (including creditors -very weird for americans) Shareholder accountability: intro: corporate law remedies: standing, representative actions: general principles, representative actions vs personal actions, representative actions: the prerequisites. Shareholders have a lot of practical power, usually through voting: this power comes with risk of abuse. Shs to pay up when in need for more equity. When z died, he owed corp $ for parly paid shares but his estate was made up of mostly fully paid shares.
