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Dundas Lawyers

BRISBANE, QLD

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Description

  1. Definition: Shareholder oppression occurs when majority shareholders engage in actions that harm minority shareholders. This can include “sharp practice” or “boardroom tactics.”
  2. Statutory Relief: Section 232 of the Corporations Act 2001 (Cth) outlines grounds for court orders under section 233. These orders address conduct that is contrary to members’ interests or unfairly prejudicial to a member.
  3. Who Can Apply for relief? Generally shareholders or those who ceased to be members can seek relief. ASIC may also apply based on its investigations.
  4. Fairness Assessment: Courts assess fairness contextually. In a commercial company, it’s objective; in a family company, it considers the reasonable person’s perspective.
  5. Remedies: Common remedies include buy-out orders (where one shareholder buys the oppressed shareholder’s shares) or winding up orders (forcing the company into administration or liquidation).

Dundas Lawyers is located in the Brisbane area of QLD. There are at least 20 other listings in the 4000 postcode area.

Solicitors in QLD 4000

Number of Employees: 6

Listing Info

Location

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5.0

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Open Times

  • Monday 8:30 to 5:00
  • Tuesday 8:30 to 5:00
  • Wednesday 8:30 to 5:00
  • Thursday 8:30 to 5:00
  • Friday 8:30 to 5:00
  • Saturday closed
  • Sunday closed

Listing Stats

  • 12 Bookmarks
  • 878 Views
  • 77 Shares
  • 20 Likes

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