23 November 2015

Mauritius - Company Shareholding: Of the importance of observing pre-emptive rights of shareholders and Legal Compliance in Agreements

In the case of E.S. Saks (as plaintiff) v. S. Hassamal (as defendant) 2015 SCJ 405 issued on 13 November 2015, His Lordship G. Angoh gave a ruling on the legality of a share sale agreement on the basis that it was contrary to the pre-emption clauses set out in the constitution of the relevant company and the Companies Act.

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