| Commentary

123.2 Problems of valuation on a share purchase

| Commentary

123.2 Problems of valuation on a share purchase

The most common remedy under the Companies Act 2006 Section 996 will probably be an order for the ‘unfair’ majority to buy out the shares of the aggrieved minority at a fair price. In practice, this is likely to be the only practical solution where the relationship between the two camps has completely broken down1.

Of course, this does not solve the problem of what a ‘fair price’ actually is. This is not just a question of deciding the basis upon which to value the shares2, but also

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