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SHAREHOLDER REMEDIES An imperative issue for all shareholders is knowing when they are entitled to bring proceedings to enforce their, or the company´s right. This is the predominate question addressed in the Law Commission Report on Shareholders Remedies. In order to establish whether the implementation of the Law Commission Report on Shareholders Remedies would have significant effects on the law, it is necessary to outline the current law, its problems, and the reforms suggested in the Report. It can be argued that the law governing protection of shareholders is complex and not consolidated. Presently, the patterns adopted by the courts are not steady. This can leave minority shareholders with an inadequate remedy, and often no remedy at all. Shareholders face many restrictions when trying to seek a remedy and they can be financially draining and time consuming. The Report proposes to introduce more efficient, affordable and consistent rules to overcome these problems. There are...

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