Unfair prejudice claims
Unfair prejudice is one of the main remedies available to a minority shareholder, where the lack of voting power leaves the minority shareholder unable to block decisions.
Unfair prejudice is a complex legal area. If an unfair prejudice petition is brought against you or your company, it is essential to seek legal advice.
Alternatively, if you have a shareholding in a company and believe that the majority of the shareholders have acted in a way that is detrimental to that shareholding, then you should also seek advice as you may have a form of redress.
We have experience of dealing with claims of this nature including:
- exclusion from management in circumstances where there is a (legitimate) expectation of participation;
- award of excessive financial benefits by the majority shareholder to himself; &
- abuses of power and breaches of Articles of Association.
If you would like to discuss any aspect of the above or any other disputed matter, please contact us.