Ungerer v Ferreira and Others (4475/2024)
Ungerer v Ferreira and Others (4475/2024) [2025] ZAECQBHC 13 (7 May 2025)
The court found that the relationship between the applicant and first respondent, while not a formal partnership, operated as a quasi-partnership, with mutual involvement in management, equal shareholding, and joint financial contributions. The first respondent's unilateral exclusion of the applicant from management, banking, and administrative functions, coupled with refusal to engage in a reasonable exit strategy and imposition of unfair conditions, constituted oppressive and unfairly prejudicial conduct under section 163 of the Companies Act. The applicant had a reasonable expectation to p…
Source excerpt
- Oppressive Conduct
- Quasi Partnership
- Shareholder Remedies
- Section 163 Companies Act
- Winding Up
- Restraint Of Trade