Vujnovich v Vujnovich - [1989] 3 NZLR 513

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 winding-up order should be made if alternative remedy were available — Whether companies should be wound up — Companies Act 1955, ss 209, 217 and 220. — Conduct by each was found to be oppressive but not causative of the breakdown in the relationships and orders for sale of shares were refused but companies were ordered to be wound up (see [1988] 2 NZLR 129) - Whether oppressive conduct, which was not causative of the breakdown in the relationships, was a bar to winding-up order