Tag: Shareholders Derivative Action

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Case Study: Awarding Damages To A Co-Petitioning Company In A Derivative Action?

Can a company be joined as a co-petitioner in a derivative action against the company itself? Let us briefly look at the case of Koh Jui Hiong @ Koa Jui Jeong & Ors v Ki Tak Sang @ Kee Tak Sang And Another Appeal and determine the question above.  Brief facts of the case One…
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March 31, 2021 0

A Deadlocked Company and The Shareholder’s Derivative Action

What happens if a company is in a deadlocked situation and one faction of shareholders commits wrongdoing against the company? Can the other half of the shareholders of the company seek redress against them? This question was tackled in Perak Integrated Network Services Sdn Bhd v Urban Domain Sdn Bhd (on behalf of themselves and…
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November 13, 2019 0