ABSTRACT

Questions about shares and share capital can cover a wide variety of issues, many of them dependent upon statutory provisions of immense complexity. Few questions are likely to be in the form of essays on the power to allot shares or reduce share capital, etc, but such issues could arise in the context of other questions, particularly ones involving directors, variation of class rights and shareholder remedies. This is one area where diagrams and/or sums may make an answer more comprehensible. The ability, where relevant, to explain the facts of Brady v Brady (1989) cannot fail to impress!