Statutory oppression action: apex court confirms that remedies may extend to directors and third parties
A recent Federal Court decision confirms that remedies in a statutory oppression action may extend to the directors of the subject company and third parties. The decision establishes the wide scope and remedies available in a statutory oppression action, in line with its expressed purpose of "bringing to an end or remedying the matters complained of". This provides welcome clarity with regard to Section 346 of the Companies Act 2016.
Source: internationallawoffice.com