Report Requirements

Brief

Your friend Amari moved to the UK from the US a few years ago, together with a co$-$

owner Brian, they run a successful family big tour business in the hospitality industry

$($called Legacy Tours Limited$).$ Your friend, Amari is worried that the company has

been unable to run profitably since the coronavirus pandemic and current economic

climate. The company has two founders, your friend Amari owns $60\%$ of the share

capital, the other founder, Brian kept $40\%$ of the shares, and both are directors of the

family business. Relations between the shareholders began to go sour, Brian found it

impossible to get on with Amari, who blocked every move to invest in the company

before the pandemic. The family is worried about the growth of the company despite

emerging potentials for improvement. In July this year, Brian resigned his directorship

because of continuing family dispute, before he left, he registered a new company in

hospitality business, a number of Legacy Tours Limited customers have begun to

patronise Brian's new company.

Advise the board of Legacy Tours Limited on the legal steps to take to

challenge the director. The Board would like you to consider in particular the

UK law on:

The nature of directors' duties and liabilities if any; and

Relevant company procedures