This is law qusetion In 2000, Ann and Carlos met at university. In 2004 they married. They immediately bought, and began

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This is law qusetion
In 2000, Ann and Carlos met at university. In 2004 they married.
They immediately bought, and began running in partnership, a hotel.
In 2010 they incorporated Hotelux Ltd, to take over the business of
running the hotel. Ann and Carlos each owned 50 per cent of the
company’s shares and were the company’s only directors. They agreed
they would share equally the running of the company.
In 2018, the company needed to raise more finance to purchase
another hotel. Ann’s accountant introduced her to Kambili, a
venture capitalist who bought a 20 per cent shareholding in Hotelux
(leaving Ann and Carlos each owning 40 per cent of the shares).
Kambili was appointed a director but has never attended any board
meetings. In 2019, it was agreed that Kambili’s son, Tayo, could
work for Hotelux as a manager of one of its hotels.
In 2020, Ann and Carlos’s marriage broke down. Ann became very
depressed and stopped attending board meetings. Carlos persuaded
Kambili to join with him in voting for Ann’s removal as a director,
and Carlos continued running the company alone. Under Carlos’s sole
management, the company’s fortunes have declined considerably.
Carlos recently made a number of
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Hotelux’s employees redundant, including Tayo. Kambili complains
that this goes against what the shareholders agreed in 2019. Carlos
has offered to buy Ann’s and Kambili’s shares from them at a fair
market price, to be determined by the company’s auditors.
Advise Ann, and Kambili, whether each of them could bring
successful proceedings under section 994 Companies Act
2006.