ABC Motors Company is a Limited Company. The company was incorporated under the Companies Act 2014 on the 31st of June 2018: Legal Issues Assignment, MU, Ireland

ABC Motors Company is a Limited Company. The company was incorporated under the Companies Act 2014 on the 31st of June 2018. The Company’s members are the three Shareholders, Abraham, Conlon, and Samantha, who are all good friends. The Company’s board of Directors is made up of one director named Joseph. On 01st December 2020 Samantha decided to sell her entire Shares in the business ABC Motors Limited to Eugene for €100,000. On the 15th of December 2020, Eugene purchased Samantha’s entire Shares in the company for €100,000.

Eugene’s purchase of shares from Samantha was very quick, informal, and done over the phone. The Director of ABC Motors Limited Joseph was not told about the Share transaction nor were the other shareholders i.e. Abraham and Conlon. Samantha tells Joseph that this does not matter as they are all “great friends” e.g. Abraham, Conlon, and Samantha including Eugene.

Eugene has never seen ABC Motors Limited’s constitution, nor has he received any Share Certificate from the Share transaction with Samantha on the 15th of December 2020 till the present. Eugen left Dublin several years ago and lives with his wife in Co. Clare over the years has not been involved in the Company because Abraham, Conlon, and Joseph have excluded him from Company meetings. On the 1st of February 2023, Eugene is fed up with being excluded from the Company and is thinking about selling his Shares to his friend Shannon. Eugene has come to you for advice about several issues.

Questions:

• Legally advise Eugene about what rights his Share ownership entitles him to.
• Legally advise Eugene about the possibility of selling his Shares to his friend Shannon.
• Legally advise Eugene about any possible remedy he has against Abraham, Conlon, and Joseph for excluding him from Company’s Meetings.