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Discuss how English Company Law addresses the concern regarding the protection of minority shareholders?
The law concerning separate legal personality is largely governed by the 19th century case Foss v Harbottle, this case translates the doctrine of separate legal personality, the statutory contract and the principle of the majority rule. In Foss v Harbottle two members of the Victoria park Co brought an action against five directors and promoters alleging that they had misapplied the company's assets and had improperly mortgaged it property. The plaintiffs wanted to claim any losses that were suffered by the company. However the court held that loss in question was not suffered by the plain…
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