last 2 weeks.. my lecturer asking me to review about this case which related to the topic of protection of minority if am not mistaken lah.. huhu:) as usual i still cant remember the things relate to the Law subject..
anyway, just wanna shares here...
In Estmanco case, it was about The GLC owned a block of 60 flats and formed Estmanco to manage it. Estmanco was to try to sell all the flats to owner-occupiers and, when each was sold, one of 60 shares in Estmanco was transferred to the buyer. The GLC was to control the voting rights for all the shares until all 60 flats were sold. There was a change in the council at an election and it was decided that the remaining flats would not be sold, but would be let to council tenants. The directors of Estmanco brought an action for breach of contract, but GLC had voting control and resolved to discontinue the action. One of the flat owners was successful in bringing an action as an exception to the rule in Foss.
anyway, at the end of the class i got 1 mark for answering the question.. but i know that am not really good in answering the question. But thank god.. i still got the mark.. :-)
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