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Day: January 24, 2024

Minority shareholder’s claim for compensation against oppressive majority shareholders and directors under s.178 of the Companies Act

In the case of Heeraman v. Cherval & ors [2023 SCJ 513], the Applicant complained that as a minority shareholder he was prejudiced by the acts and doings of the Respondents, who were the majority shareholders and directors. He complained that the acts and doings of the Respondents were oppressive, unfairly discriminatory and unfairly prejudicial […]

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