Shareholder oppression focuses on unfair treatment in the conduct of company affairs. A shareholder oppression claim under section 232 of the Corporations Act considers whether a shareholder has been treated in a way that is oppressive, unfairly prejudicial or unfairly discriminatory. The episode explores what it means to be “oppressed” as a shareholder and why that question matters in business co-ownership disputes.
Process and strategy matter before bringing a claim. A shareholder oppression claim should be approached with a clear understanding of the practical steps involved and the broader commercial context of the dispute. For shareholders and advisers, the strategy adopted at the start can affect how the matter progresses.
The likely outcome should guide the approach. The episode discusses likely outcomes in the Victorian Supreme Court’s specialised Shareholder Oppression Programme. Understanding the available pathways can help shareholders, business owners and advisers approach the dispute with a clearer view of what resolution may look like.
What does it mean to be oppressed as a shareholder?
Shareholder oppression disputes can arise where a shareholder believes they have been treated unfairly in the conduct of a company’s affairs. For business owners and advisers, understanding the process and likely outcomes can be important when a co-ownership dispute begins to escalate.
In this episode of Explain That by Velocity Legal, Andrew Henshaw is joined by Lauren Gross and Daniel Urbans to explore shareholder oppression under section 232 of the Corporations Act.
The discussion covers:
A practical discussion for shareholders, business owners and advisers navigating business co-ownership disputes or considering a shareholder oppression claim.
For advice on shareholder oppression, shareholder disputes, business co-ownership disputes or commercial litigation, contact Velocity Legal’s Disputes team.
This podcast in no way constitutes legal advice. It is general in nature and is the opinion of the author only. You should seek legal advice tailored to your individual circumstances before acting on anything related to this podcast.
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