Question
Jans is a shareholder in Bubble Pty Ltd and owns 3.2% of the shares issued. He has complained previously that the directors of Bubble had
Jans is a shareholder in Bubble Pty Ltd and owns 3.2% of the shares issued. He has complained previously that the directors of Bubble had refused to pay out dividends yet had been rewarding themselves with significant bonuses. This had been going on for the last 2 years.
Advise Jans as to any remedies he may seek under the Corporations Act.
Consider:
- What are material facts?
- What are the key legal issues?
- How would you apply clear legal reasoning to answer the question - ie, available remedies?
- What are the likely outcomes?
Step by Step Solution
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The material facts Jans is a shareholder in Bubble Pty Ltd and owns 32 of the shares issued Directors in Bubble Pty ltd refuse to pay out dividends ye...
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Applying International Financial Reporting Standards
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
3rd edition
730302121, 978-0730302124
