unfair prejudice

unfair prejudice Unfair conduct on the part of those entrusted to run and control a company in respect of (usually minority) company members. Any member affected may apply to the court under the Companies Act 1985, and the court is empowered under the Act to make such order as it thinks fit. Commonly, the unfair conduct consists of actions having the effect of seriously diminishing the value of the complainant's shareholding. In this instance the usual remedy sought is for the purchase of the complainant's shares at a fair price. See also minority protection.