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Derivative Action — Sue on Behalf of Company (s.236)

Apply for leave to bring legal action in the name of the company against a director who has wronged it — used when the wrongdoer controls the company and will not allow it to sue itself.

Official source

fedcourt.gov.au

Related topics

derivative actionshareholdercompanysue directorcorporations acts236director liabilitycompany claim against directorshareholder lawsuitdirector misconductcompany suing directorderivative claimshareholder actiondirector breachcorporate wrongdoingsuing on behalf of companydirector negligenceshareholder remedyasiccivil claim

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