Deriving Protection Against Shareholder Claims.
Mondaq Business Briefing › Nbr. 2006, January 2006
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Deriving Protection Against Shareholder Claims.
Article by Francis Kean and Rosalyn Chipperfield
When the Company Law Reform Bill ("CLRB") is enacted it will be possible, for the first time under English law, for minority shareholders to bring an action in the name of and for the benefit of the company against a director alleging merely that he or she has been negligent. The new statutory derivative action has attracted an unusual degree of publicity over recent months and direct...See the full content of this document
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