In Re Martialone Ltd: Hennessey v. Griffin – HC – Company law, oppression of minority shareholder, dilution of shareholding

By: Mark Tottenham BL

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High Court (Murphy J) refuses reliefs sought by minority shareholder in company alleging oppression.

Company law - oppression of minority shareholder - s 205, Companies Act 1963 - alleged attempt to dilute petitioner's shareholding - exclusion from affairs of company - refusal of information concerning company affairs - exercise of share options by managing director - whether exercise of options intended to dilute petitioner's shareholding - whether misleading, false or deceptive statements given to auditor - whether directors acted in best interests of company as a whole.

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