Buying Out Minority Shareholders under the Companies Act 1985 by Maitland Kalton

Back

Buying Out Minority Shareholders under the Companies Act 1985
by Maitland Kalton

Rights of Minority Shareholders
In the decision of the Court of Appeal in Profinance Trust SA v Gladstone (Case No: A3/2000/0435, 2 July 2001) ('Profinance'), the rights of minority shareholders to have their shares purchased by other shareholders or the company under Sections 459-461 of the Companies Act 1985 (as amended) was extensively considered by Robert Walker LJ. It was concluded that the general purpose of these provisions is to provide a shareholder who has been unfairly prejudiced by the conduct of a company's affairs with a remedy more flexible and less drastic than a winding up on

Author's Biography:

Posted on: May 20,2006

Email: maitland@kaltons.co.uk
Website: http://www.kaltons.co.uk