COMPANY LAW 2.1 MAJORITY RULE AND MINORITY PROTECTION
MAJORITY RULE AND MINORITY PROTECTION. Section 299 CAMA provides that only the company can sue to remedy a wrong done to it[1] and only the company can ratify an irregular conduct[2]. This provision is a codification of the rule in Foss V Harbottle. Meaning that the proper claimant/plaintiff is the company[3]. We know that the […]