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oppression remedyshareholder remedies
Australia decision of Cao v Apollo Phoenix Resources Pty Ltd
Cao v Apollo Phoenix Resources Pty Ltd [2018] FCA 1445; (2018) 130 ACSR 602
Key Principle
Conduct of a company's affairs that is oppressive, unfairly prejudicial to, or unfairly discriminatory against a member (here a minority shareholder and director excluded from management) engages the oppression remedy under ss 232-233 of the Corporations Act, empowering the Court to grant tailored relief including reinstatement or a buy-out.
Area of Law
General
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