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Vujnovich v Vujnovich - [1988] 2 NZLR 129

$30.00

High Court Wellington
28, 29, 30 September; 1, 6, 7, 8, 9, 12, 13, 14, 15, 19, 21, 22, 27, 28, 29, 30 October; 15 December 1987
Henry J
Court of Appeal Wellington
29 March; 19 May 1988
Cooke P, Somers, Casey, Bisson, Gallen JJ
Company law — Shareholders — Oppression of shareholders — Remedies — Three brothers were the equal and only shareholders in companies owning substantial real property — One disagreed with the other two until deadlock was reached and effective management was impossible — Each side claimed that the conduct of the other was oppressive and sought orders to buy out the other — Whether conduct was oppressive — Whether order should be made for compulsory sale of shares against wishes of shareholder — Whether companies should be wound up — Companies Act 1955, ss 209 and 217.

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