Gogga Tracking Solutions (Pty) Ltd v Vodacom Service Provider (Pty) Ltd (09/IR/Mar10)
Gogga Tracking Solutions (Pty) Ltd v Vodacom Service Provider (Pty) Ltd (09/IR/Mar10) [2010] ZACT 38; [2010] 1 CPLR 115 (CT) (7 June 2010)
The Tribunal held that the shareholders' agreement between Gogga Tracking Solutions (Pty) Ltd's shareholders required unanimous consent for the institution of legal proceedings, including the present interim relief application. The applicant failed to obtain such consent, as Vodacom Ventures (Pty) Ltd, a significant shareholder, expressly withheld its approval and opposed the application. The director's resolution relied upon by the applicant was insufficient and did not override the shareholders' agreement. The Tribunal found no evidence or averment that the relevant clause of the shareholde…
Source excerpt
- Shareholders Agreement
- Abuse Of Dominance
- Margin Squeeze
- Interim Relief
- Authorisation To Litigate