Question
King Wines Vineyard Pty Ltd ('KWV') owns a wine-making business. Its shareholders were Fox, Bell and Min. Fox, Bell and Min were also the directors
King Wines Vineyard Pty Ltd ('KWV') owns a wine-making business. Its shareholders were Fox, Bell and Min. Fox, Bell and Min were also the directors of KWV. The directors had a disagreement and Min was voted off the board and replaced by KWV's solicitor. Fox and Bell formed a partnership to sell the grape waste from the winemaking process as specialist compost for growing asparagus, which has become very profitable. KWV was excluded from any profits of this partnership, even though the partnership operations are conducted on KWV's premises and use KWV's labour. Required: Advise Min by reference to case law and legislation.
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