Representation of Galasys Plc
Representation of Galasys Plc [2016] JRC 188 (17 October 2016)
The Jersey Royal Court upheld ordinary resolutions passed at an EGM to discontinue litigation and restrict director authority, finding board deadlock and conflicts justified shareholder action.
- Board deadlock
- Shareholder powers
- Ratification of board decisions
- Egm resolutions
- Director conflicts of interest
- Company-law