Oppressed minority shareholder could buy out majority shareholder

In the recent case of Mascarenhas v Karim and Anor, the Court of Appeal upheld a High Court finding of shareholder oppression under section 212 of the Companies Act 2014 against an individual who was neither a shareholder nor a director of the company. The other notable feature of the case is the relief granted by the court; the oppressed party, who was the minority shareholder, was given the option to purchase the shares of the majority shareholder. 

In this ALG Soundbite, we discuss the key aspects of the case and the court's ruling. To read a more detailed account, see our recent article.

For more information on this topic please contact Michelle McLoughlin, Knowledge Lawyer, or a member of the Corporate and M&A team.

Date published: 13 July 2022