Commentary

Section 155 Unfair prejudice—Section 994

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

Section 155 Unfair prejudice—Section 994

| Commentary

155 Unfair prejudice—Section 994

Despite agreement being reached between the parties involved in a management buy-out, there is always a danger that the proposals may be challenged by an unhappy shareholder under Section 994 of the Companies Act 2006. A member of a company may apply to the court on the basis that the company’s affairs are being or have been conducted in a manner which is unfairly prejudicial to the interests of its members generally or of some part of its members (including at least himself), or that any actual or proposed act or omission of the company

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial