Sentences with phrase «by minority shareholders»

Most commonly, these remedies are sought by minority shareholders when actions are taken or threatened that would unfairly hurt their interests.

He acted successfully in the first case under the Canada Business Corporations Act that determined the fair value of shares held by the minority shareholders in a company.

Counsel for officers of energy company in effort by minority shareholders to obtain consents to remove management in proxy contest

Notably, he acted in the action brought by the minority shareholders of Borden Co Pte Ltd which went before the Court of Appeal.

Our attorneys protect the rights of majority shareholders, officers, directors, managers, and partners against claims by minority shareholders and third parties.

KP: You're being accused by minority shareholders of the bank of issuing Hr 1 billion worth of insider loans to yourself.

The Swiss pharmaceutical company will purchase Nestle SA's 52 percent stake for about $ 28 billion before carrying out a merger with Alcon that would give it control of the remaining 23 percent held by minority shareholders.

He still retains a tiny slice of the 17 per cent block of shares still owned by minority shareholders who are mainly Melbourne - based, but O'Hoy missed the cut and thrust of the fast - moving consumer goods industry even though he has a busy portfolio of other roles including as a director of the Melbourne Stars Big Bash cricket team.

The remaining shares are held by minority shareholders including Gold Shine Investment with 9.9 % ownership and a number of current and former employees of the Bank.

Volkswagen's 6.7 billion euro ($ 9.22 billion) offer for its Swedish truck division Scania was accepted by minority shareholders, a big step in the German automaker's plan to create a trucks alliance to compete in global markets.

An offer has been made to buy out Kroenke by the minority shareholder for in excess of # 1 billion.

Kleanthous v Paphitis [2011] EWHC 2287 Appeared on behalf of three respondents at the hearing of an application brought by a minority shareholder in the Ryman Group to continue derivative proceedings against Theo Paphitis and others.

Such examples include, applications for production of records and accounts; defending allegations of unlawful dividends; and an application for rectification of the register in line with the Re Hoicrest litigation (as a precursor to an unfair prejudice petition by a minority shareholder).

Additionally, under the Timex Card acquisition agreement, UTA GmbH has an option to purchase shares held by the minority shareholder (the seller in the share deal), who in turn has an option to sell its shares to UTA GmbH.

Successfully defended international company against self - dealing claims brought by minority shareholder in $ 150 million business valuation dispute in which, after one week trial, the minority shares were valued at less than ten percent of amount sought.

Not exact matches

These board committees are important for the merger because T - Mobile and Sprint are majority owned by Germany's Deutsche Telekom and Japan's SoftBank, respectively, and could be left vulnerable to potential lawsuits from minority shareholders if they don't establish independent mechanisms to review the deal.

A committee of the independent members of the board of directors has been established to review the offer, which would require approval by a majority of the minority shareholders of Sun - Rype.

An alternative would have been to make the merger subject to approval by a majority of their minority shareholders.

Ergen is also fighting with Sprint to buy out the minority shareholders of Clearwire Corp, which is already majority owned by Sprint.

Unsurprisingly, the upcoming round will be at a significantly lower valuation, following repeated markdowns by various US mutual fund houses that are minority shareholders in the company.

A C$ 3.6 billion bid by New Zealand's Fletcher Challenge to acquire Fletcher Challenge Canada's pulp and paper assets has been scuppered by Canadian minority shareholders, only nine percent of whom voted in favour of the plan.

Because the shareholders hold the residual claim, and all corporate expenditures thus come out of their pocket, it is not entirely clear why other shareholders should have to subsidize speech by a small minority.

Absent such a standard, the shareholder proposal rule becomes nothing less than a species of private eminent domain by which the federal government allows a small minority to appropriate someone else's property — the company is a legal person, after all, and it is the company's proxy statement at issue — for use as a soap - box to disseminate their views.

According to information provided to «Globes» by the companies, Backbone Hosting current has 35 minority shareholders.

By adjusting for minority interest liabilities, one can better understand the value of the stock to shareholders.

Run by a US - educated Kurdish financier, Baghdad - based Rabee Securities ran the only significant deal on the Iraq Stock Exchange last year when it listed Asiacell Telecommunications to allow majority shareholder Qatar Telecom to acquire minority interests for $ 1.3 billion.

Magna International Inc. chairman Mike Harris received only a minority of shareholder support for his re-election earlier this year but remained on the company's board, according to new disclosure prompted by a rare shareholder lawsuit.

Two firms controlled by Cyrus Mistry's family have moved the National Company Law Tribunal against the Tata group, alleging oppression of minority shareholders and mismanagement.

Followed by a September announcement, which somewhat predictably confirmed the committee were recommending the offer as «fair and reasonable «for (minority) shareholders — albeit at the slightly higher price of $ 1.08 per share.

The aim of the investment management / research team is to invest in companies which on average have high return on capital invested, are not excessively leveraged, are run by competent and minority shareholder friendly managers and are available at reasonably attractive valuations.

Minority interest This is an accounting term for the amount of a balance sheet not owned by a firm's shareholders.

In such cases, I calculate after minority adjustements for any positive cash flow line (operating etc.)» but assume the debt and interest expense etc. has to be borne by the ultimate shareholder.

Sonangol's website does report that a subsidiary of Exem Holding has been pre-qualified by Sonangol to bid for oil licences in Angola as a «non-operator» - that is, as a minority shareholder in a joint venture with other oil companies.18 However, there appears to be no information on this website about tenders in relation to Exem Holding's other interests.

It did, however, lose the opportunity to build goodwill by strategically allocating its product during a time of shortage.107 To the extent the stock sale premium reflected this diversion of a corporate opportunity, the selling stockholder was liable for a breach of fiduciary duty.108 A corporate recovery would not have benefitted the selling shareholder — i.e., «those from whom the recovery is had» — but would have benefitted the parties who had induced the very breach that occasioned the recovery.109 The court accordingly ordered direct relief to the minority shareholders.110

David was also instructed on behalf of the Petitioners (led by Martin Griffiths Q.C.) in a major unfair prejudice petition involving a dispute between the shareholders in one of England's leading house builders and giving rise to questions relating to valuation of the minority shareholder's shares and pro rata vs. discounted valuation in the context of an alleged «quasi-partnership» company (the case settled on the first day of trial).

First, in the Bank Saderat case, the General Court established that the Council had acted on a mistaken factual premise by asserting that the bank was 94 % held by the Iranian state, when in fact the state was only a minority shareholder.

Our expertise includes advising officers, boards of directors, shareholders, and special litigation committees on a wide range of business disputes, including fiduciary duties, employment issues with minority and majority shareholders, executive compensation, corporate freeze - outs, direct and derivative claims by shareholders, internal investigations and other aspects of corporate governance.

The most prurient aspect of the dispute concerned the allegations by CanniMed's special committee that the locked - up shareholders had been heavily involved with Aurora and others in orchestrating and facilitating the Aurora bid, such that the locked - up holders should be considered «joint actors» (this characterization would have significant disclosure implications and make the bid more difficult by excluding those shares from the 50 - per - cent minimum tender condition and from any minority approval of a subsequent acquisition transaction).

Since Banvit is a listed company, the process required all parties to observe interests of minority shareholders, requirements of the capital markets legislation, as well as requests by the Capital Markets Board and Borsa Istanbul.

Notable mandates: Acted for Soltoro Ltd. in connection with its successful disposition by plan of arrangement to Agnico Eagle Mines Ltd.; co-counsel for Trillium Motor World Ltd. in class action against General Motors of Canada Ltd. and Cassels Brock & Blackwell LLP; acted for Canadian Solar Inc. in connection with raising an aggregate of US$ 50 million in equity and US$ 100 million in debt financing for acquisition financing and working capital purposes; external counsel to the Regional Municipality of York, providing a wide range of municipal, real estate, expropriation, litigation, and commercial law advice and services; counsel to minority shareholder of a Nevis LLC worth more than US$ 500 million with respect to a claim for relief from unfair prejudice in litigation in Nevis and the Commercial Division of the Eastern Caribbean Supreme Court in British Virgin Islands, and in contemporaneous related actions in Belize and the United States.

Re Tecnion Investments Ltd [1985] BCLC 434 (CA)-- Minority shareholder, alleged unfair prejudice, companies in overseas jurisdictions allegedly controlled by respondents, disclosure of documents in their possession, alter ego companies, piercing the corporate veil

refusal by a majority shareholder to declare profit distributions in order to force the minority shareholder to sell shares at a reduced price

new developments in managers» fiduciary obligations (owed to the corporate person, not to shareholders and others) Canadian statute - based minority remedies are being embraced by many Commonwealth countries (including Australia and New Zealand).

Minority shareholders can enforce these rights without restrictions otherwise imposed by the rule in Foss v Harbottle.

He was recruited away by a competing start - up publication, induced to leave his employer of many years by a promise of great wealth to be achieved through his becoming a minority shareholder of the new or young company.

In Wilson v. Alharayeri, 2017 SCC 39, the court found that in the face of certain claims by a corporation's minority shareholder, two individual directors were held personally liable to compensate him for the $ 650,000 in share - value diminution that resulted from a decision they made in their roles on the board of directors.