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CORPORATE LAW ASSESSMENT
Tim mainly faces danger from his four brothers with whom he performs partnership business. Tim’s brother has not followed business ethics whatsoever and thus the issue of conspiracy has emerged. Four brothers have behaved rudely with Tim to deprive him of gaining fundamental right in the business place. Slowdown of business does not mean that one brother’s share is deprived. A partner may think to resign; however, it does not mean that other partners put mentally pressure on him to get rid of him in the business process. This is exactly what is happening in the case of Tim, where rest of four brothers have been secretly planning to get rid of him from“The Grumpy Grande Pty Ltd" ("TGG"). In this context, Tim can use (a) Equitable remedy and (b) one statutory remedy to overcome this difficult situation.
According to the study, one of the main issues is business integrity among the directors of the said company. The youngest director Tim among the five directors of the company The Grumpy Grande Pty Ltd has been captured in bad business integrity by the other four directors. The other four directors have planned not to allow the company to pay Tim for his shares in the company. However, according to the company rules and regulations laid for the duties of the directors for any company, the directors must maintain integrity in their individual business duties. They must be honest in their work and should