The basic position in a private company is that the will of the majority prevails but there are limits and where those limits are exceeded the courts have a wide discretion to make orders designed to put a successful claimant in the position they would have been but for the unfairly prejudicial conduct of those controlling the company.

This article highlights the main legal risks you need to consider if you are buying another business or enterprise. This article is not a substitute to legal advice merely a guide on how to prepare for this type of transaction. Your business should always take legal advice at the outset of any acquisition.