Knowledge Highlights 21 November 2024
High Court emphasises importance of good faith in a derivative action under the Companies Act 2016
The High Court of Malaya in Dato’ Chan Kon Tak v Malaya Harvest Sdn Bhd [2022] MLJU 1496 considered whether to allow a derivative action that enables a member of a company to bring an action in the name of the company to recover losses sustained by that company.
This article provides an overview of the court’s decision.
To read the full article, please click here.
This case summary was prepared with the assistance of Associate Kimberly Lim Ming Ying.
