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Q. Suggested actions for addressing phoenix activity?
The following actions are suggested for addressing phoenix activity. Those that have been suggested are the actions that:
- received significant support in stakeholder consultation
- are proportional to the identified scale of the problem of phoenix activity
- on the information available, are most likely to be effective in addressing phoenix activity.
Representative action: Where individual shareholders have suffered personal loss in addition to the injury to the company one shareholder may bring a representative action on
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