Discusses, with reference to Re Dee Valley Group Plc (Ch D), how dissenting shareholders in a takeover may use or abuse their powers to defeat the move by a share-splitting exercise. Reviews the regulation of member transfer schemes, the court's approach to whether share-splitting was objectionable, and the role of class interests. Proposes reforms to clarify how the discretion, authority and accountability of the parties should be determined.
|Journal||Journal of Business Law|
|Publication status||Accepted/In press - 18 Mar 2018|
- Class meetings
- Schemes of arrangement
- Share transfers
- Shareholders' rights
- Voting rights