statutory remedies

Order Description Answer the 10 questions as below, each answer roughly 100 words. Short answer questions: 1. What are the statutory remedy available for members? • Oppression remedy • Court-ordered win" rel="nofollow">indin" rel="nofollow">ing up • Statutory in" rel="nofollow">injunction • Statutory right to in" rel="nofollow">inspect company books • Other protection: o variation of class rights o transactions affectin" rel="nofollow">ing share capital In your answer, you would explain" rel="nofollow">in each of the above remedy with relation to authority and the appropriate tests in" rel="nofollow">involved. 2. If a company wants to sue, what appropriate statutory remedy is available? Explain" rel="nofollow">in with relation to authority. • Member’s derivative action 3. Is there any equitable limitation for majority shareholders actin" rel="nofollow">ing in" rel="nofollow">in an in" rel="nofollow">inappropriate manner with the min" rel="nofollow">inority shareholders? • There is equitable limitation o Explain" rel="nofollow">in the test in" rel="nofollow">in Gambotto 4. A group of members at Opti Ltd have been oppressed by the directors of the company. What statutory remedy is available to them? (Refer to the authority when explain" rel="nofollow">inin" rel="nofollow">ing the statutory remedy). 5. Explain" rel="nofollow">in the remedy that is available to enforce the right of a company. (Refer to authority when explain" rel="nofollow">inin" rel="nofollow">ing the statutory remedy). 6. Adele is a director of Music Ltd. She is bein" rel="nofollow">ing sued for a breach of duty of care. She wants to argue that she utilised a busin" rel="nofollow">iness judgement. Explain" rel="nofollow">in to Adele the requirements of busin" rel="nofollow">iness judgement rule with reference to relevant authority. 7. The majority of members want to pass a resolution to change the constitution of IGA Ltd. This resolution would be harmful to min" rel="nofollow">inority of members as the majority members want to exploit the min" rel="nofollow">inority shares of the members. Advise whether such a resolution to amend the constitution can be passed. 8. Discuss why might a director argue reliance as a defence to a breach of duty and care? 9. Explain" rel="nofollow">in the defences relevant that can be argued for in" rel="nofollow">insolvent tradin" rel="nofollow">ing. 10. Explain" rel="nofollow">in share capital and the different types of shares options available.