ABSTRACT
In this chapter, we discuss the range of remedies which are available to individual shareholders. These remedies will be available not only when a director has broken one of the directors’ duties, but also where the action of the company or others has wronged the shareholder. The action may have been oppressive, or may have unfairly discriminated against or unfairly prejudiced the shareholder. The Companies Act 1997 introduced new remedies to enable the shareholder to vindicate his or her rights. However, as we shall see, it is still possible that the shareholder may have remedies still available according to the underlying law.
