The unit objectives are: Examine the common problems experienced by members of various types of company; Understand strategies for preventing or remedying those problems without recourse to litigation; Understand the litigious remedies available to combat those problems; and Explore likely trends for future development of the law. The unit examines shareholders' remedies, exploring both litigious and non-litigious remedies. Litigious remedies include: class actions and recent developments in derivative litigation, as well as oppression, winding up, alteration of the constitution, dilution of equity stakes and compulsory acquisition of minority shareholdings. Non-litigious remedies include: the role of advance planning, drafting issues in relation to shareholders' agreements and constitutional provisions, and the scope for activism by institutional and retail shareholders in listed public companies.
Jan 15, 16 and 18, 19 (9-4)
in-class test on the final day of class (20%) and 6400wd essay (80%)
This is a fairly technical unit which focuses on Australian Law, and a good working knowledge of corporate law is assumed.