Summary Keane on Company Law, ISBN: 9781526521989 company law
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Course
Company law
Institution
Kings College London (KCL)
Book
Keane on Company Law
This is the complete a - z note on the company law topic, you just have to go through it once and you can easily attempt the question and get A ++ grade in finals
this is a marked answer by a senior professor you just need to read it and you can even write the same just need to change it a bit ...
One of the consequences of the [Salomon] Principle is that a
company can sue in its own right to vindicate a wrong done to it.
Thus, whenever a wrong has been committed against the company,
the proper claimant is the company itself.
But the issue is that what if the wrongdoers are the Directors
themselves, who, controlling the company, prevent it from seeking
legal redress against them?
This is the main focus of this chapter where we consider how the
law seeks to solve this problem by permitting minority shareholders,
in certain exceptional circumstances to bring a derivative action on
the company’s behalf.
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