Show Summary Details
Company Law

Company Law (7th edn)

Brenda Hannigan
Page of

Printed from Oxford Law Trove. Under the terms of the licence agreement, an individual user may print out a single article for personal use (for details see Privacy Policy and Legal Notice).

date: 11 December 2024

p. 48519. The unfairly prejudicial remedy and the minority shareholderlocked

p. 48519. The unfairly prejudicial remedy and the minority shareholderlocked

  • Brenda HanniganBrenda HanniganProfessor of Corporate Law University of Southampton

Abstract

The most important shareholder remedy is the unfairly prejudicial petition under the Companies Act 2006, s 994. This chapter examines petitioning on the grounds of unfair prejudice, considers the basis on which equitable considerations come into play, addresses the range of conduct which may amount to unfairly prejudicial conduct, and explores the court’s expansive powers to grant relief. The chapter looks at purchase orders and the valuation issues around minority buy-outs as well as the potential for orders against third parties and in favour of the company. The chapter also considers the modern jurisdiction for winding up on the just and equitable ground under the Insolvency Act 1986, s 122(1)(g).

You do not currently have access to this chapter

Sign in

Please sign in to access the full content.

Subscribe

Access to the full content requires a subscription