A majority shareholder's unilateral expropriation of a minority shareholder's shares without payment — particularly when repeated in defiance of court orders — constitutes oppressive conduct of the clearest kind under s 232 of the Corporations Act 2001 (Cth), and alleged misconduct by the minority shareholder cannot justify such conduct. There is a long-standing reluctance to entertain appeals against costs orders, and an applicant who chooses not to adduce expert evidence at trial cannot complain on appeal about the trial judge's reliance on the only expert evidence before the court.
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