High Court Wellington
6, 10 July 2000
Doogue J
6, 10 July 2000
Doogue J
Company law — Shareholders — Minority buy-out rights — Minority shareholder exercising right to require company to buy shares at fair and reasonable price — Price nominated by company rejected by shareholder — Company required to pay nominated price pending arbitration — Whether shareholder required to transfer title to shares on payment of price — Companies Act 1993, ss 111 and 112.
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