Minority Shareholder Oppressions Claims

Minority Shareholder Oppressions Claims from Resolute Lawyers & Associates | Commercial Litigation Lawyers Sydney | Bella Vista | Norwest | Castle Hill | Baulkham Hill | Parramatta

By: Resolute Lawyers & Associates | Commercial Litigation Lawyers Sydney | Bella Vista | Norwest | Castle Hill | Baulkham Hill | Parramatta  06-Feb-2013
Keywords: Legal Advice, Law Firm, Business Litigation

There are many reasons why Minority Director/Shareholders may be squeezed-out of the corporation. The reasons are usually similar resulting in Majority Director/Shareholders concluding that the Minority Director/Shareholder should not take further participation in the management of the Corporation. What are the tactics used to remove Minority Members? In most cases, the Minority Director/Shareholder will have to apply to the Supreme Court seeking access orders to the financial books and records. In addition to the common law right to inspect the books and records, current directors have the personal right, under s290 of the Corporations Law, to access the financial records at all reasonable times. Also, after ceasing to be a director, the right continues for a period of 7 years under section 198F(2) to inspect the books and records (including financial records) at all reasonable times for the purpose of legal proceedings. Under section 198F(4) the company cannot refuse access and must allow access: Oswal v Burrup Holdings Limited (Included Corrigendum dated 21 July 2011) [2011] FCA 609 is a recent case.

Keywords: Business Litigation, Law Firm, Legal Advice

Contact Resolute Lawyers & Associates | Commercial Litigation Lawyers Sydney | Bella Vista | Norwest | Castle Hill | Baulkham Hill | Parramatta

Email

Print this page

Other products and services from Resolute Lawyers & Associates | Commercial Litigation Lawyers Sydney | Bella Vista | Norwest | Castle Hill | Baulkham Hill | Parramatta

28-Apr-2011

We Can Help You With Your Litigation Needs

Once you've reviewed some of our results and how we achieved them, you'll have a good idea whether our approach is right for you. If you think it is, contact me, and lets discuss your situation. I look forward to hearing from you soon.


09-Nov-2010

Commercial Lawyers Sydney | Appeal Work

Our Resolute Lawyers provides a detailed and thorough approach to the preparation of Appeals.


08-Nov-2010

Commercial Litigation & Equitable Remedies (Commercial Lawyers Sydney)

 Our price estimate is good value for money.


12-Oct-2010

Commercial Litigation Norwest | Recoveries | Baulkham Hills Solicitors| Bella Vista

We Provide Efficient, Fast, and Personalised Commercial Litigation Resolutions.