Shareholder Actions

2. Auflage 2017
ISBN: 978-1-78451-886-8
Verlag: Bloomsbury

Buch, Englisch, 552 Seiten, Hardback, Format (B × H): 156 mm x 248 mm

Shareholder Actions is a comprehensive guide to the possible actions shareholders may be entitled to pursue, on whichever side of the dispute they might be involved. As well as unfair prejudice and derivative actions, and the many personal actions arising from the Companies Act 2006, the book covers actions based in common law and equity, as well as actions based in other statutory law. It also explores occurrences of directors owing fiduciary duties directly to shareholders and the 'no reflective loss' rule providing a clear view of its scope and its limitations.

The book refers to judgments in other related jurisdictions when it is necessary to substantiate a submission not already fully and authoritatively addressed by English law. Scottish cases are referred to where the House of Lords or Supreme Court have dealt with an issue, or where the point of law overlaps with English law.

There are separate chapters on taxation issues, shareholder claims in Australia, due the large cross pollination between English and Australian law and, for comparative purposes, on Canada where a very different approach is taken with its common law based system.

The second edition contains new and updated material on all of the topics covered in the first edition including:

- Important new decisions on directors' duties such as Eclairs Group Plc v JKX Oil & Gas plc [2015] UKSC 71on proper purpose; Bilta (UK) Ltd (In Liquidation) v Nazir [2015] UKSC 23 on the liabilities of directors of insolvent companies and Smithton Ltd v Naggar [2014] EWCA Civ 939 on shadow and de facto directors.
- Recent decisions on unfair prejudice petitions under section 994 and appropriate remedies, including the basis of valuation of minority interests, including Re Coroin Limited [2013] EWCA Civ 781; Graham v Every & Others [2014] EWCA Civ 191 and Re Charterhouse Capital Limited [2015] EWCA Civ 536.
- More than half a dozen new cases on when permission should be granted for shareholders to bring derivative claims and clarification of the law in relation to double derivative claims (which has taken the form that was predicted in the first edition).
- New material on when the corporate veil may be pierced following the decisions in Prest v Petrodel [2013] UKSC 34 and VTB Capital plc v Nutritek International Corp [2013] UKSC 5 and detailed consideration and discussion of the litigation following the collapse of Madoff Securities and the claims brought by shareholders in Lloyds Bank plc relating to the purchase of HBOS.
- New chapters on the comparative position in South Africa (to go along with updated analyses of the position in each of Australia and Canada) and on the particular procedural issues relating to unfair prejudice positions under section 994, derivative claims, just and equitable winding up petitions and personal claims brought under Part 8 of the Civil Procedure Rules.

Autoren/Hrsg.

Charman, Andrew

Du Toit, Johan

Weitere Mitwirkende

Gibson, Eile

Fachgebiete

• Rechtswissenschaften Ausländisches Recht Common Law (UK, USA, Australien u.a.)

Inhaltsverzeichnis

Chapter 1 Companies' Separate Legal Personality
Chapter 2 Directors and their Duties
Chapter 3 Shareholders' Relationships
Chapter 4 The Liability of Directors and Advisers of the Company Directly to Shareholders
Chapter 5 Who is in Control? The Rule in Foss v Harbottle
Chapter 6 Derivative Claims
Chapter 7 Personal Claims
Chapter 8 Non-Recoverability of Reflective Loss
Chapter 9 Unfair Prejudice: Section 994
Chapter 10 Setting Right Unfair Prejudice: Section 996 remedies
Chapter 11 Just and Equitable Winding Up as Remedy
Chapter 12 Inter-relationship of Remedies
Chapter 13 Procedure
Chapter 14 Taxation Issues
Chapter 15 Shareholder Claims in Australia
Chapter 16 Canada - Comparisons
Chapter 17 An Overview of South African Law

Über Autor(innen)

Du Toit, Johan
Johan du Toit SC is an Assoicate Tenant at St Philips Chambers and a member of the Johannesburg Bar. He has a commercial litigation practice focusing on major high value shareholder actions and financial markets law. He has acted as a Judge in the High Court of South Africa.

Charman, Andrew
Andrew Charman is a barrister at St Philips Chambers. Previously he was a corporate solicitor at Freshfields before being called to the Bar in 1994. He possesses substantial experience in commercial and Chancery. He is recommended in Chambers UK as "heavyweight" who "can cut through the murky facts and provide clearly though-out solutions".

Andrew Charman is a barrister at St Philips Chambers. Previously he was a corporate solicitor at Freshfields before being called to the Bar in 1994. He possesses substantial experience in commercial and Chancery. He is recommended in Chambers UK as "heavyweight" who "can cut through the murky facts and provide clearly thought-out solutions".

Johan Du Toit SC is an Associate Tenant at St Philips Chambers and a member of the Johannesburg Bar. He has a commercial litigation practice focusing on major high value shareholder actions and financial markets law. He has acted as a Judge in the High Court of South Africa.