Shareholders dispute

Shareholder disputes – the fight for control

Disputes between directors and shareholders of Australian proprietary limited companies (Shareholder Disputes) are common.  The rights and obligations of directors and shareholders of companies are regulated by the Corporations Act 2001 (Cth) (Act) and the standard form “vanilla” constitution (Constitution) based on the Act.  The unfortunate reality is that the Act and the vanilla Constitution are usually insufficiently prescriptive to protect the parties from the conduct of a Director or Director(s) behaving badly. [Read more…]

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