Commercial disputes do not only occur between business and business. They can also occur between members of the company who run the business as part of the company’s affairs, for example, between minority shareholders and directors. These types of disputes can be resolved by, for example, court litigation. One example of when you may need to do this is when, as a minority shareholder, you start civil proceedings for an unfair prejudice claim, such as due to a breach of the shareholder agreement. This article will, therefore, explain unfair prejudice petitions in terms of legal remedies and processes.<\/p>\n\n\n\n
An unfair prejudice petition is useful when shareholders feel that a company is being run unfairly, as detailed in Sections 994 to 996 of the Companies Act 2006.<\/p>\n\n\n\n
Any shareholder in a limited company can present an unfair prejudice petition. Legal non-members, such as a bankruptcy trustee, can also do this. <\/p>\n\n\n\n
An individual can present an unfair prejudice petition when they believe their position as a shareholder has been unfairly prejudiced because of the way the company has been run. These petitions are not relevant to the person\u2019s role as a director of the company. <\/p>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\n