this document from the companies Lawyers in Bermuda would suggest that recourse to shareholders exists through either 1) derivative action or 2) minority oppression remedies if
fraudulent or oppressive conduct by majority shareholders, and breaches of fiduciary duty by controlling directors or promoters are demonstrated. I would also think that in addition to the other breaches discussed, the non release of the Genorah loan document and settlement and release deed by voting down minorities was an act of oppression and malicious attempt to cover fraud
NKP Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held