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.auRelated topics
derivative action · shareholder · company · sue director · corporations act · s236 · director liability · company claim against director · shareholder lawsuit · director misconduct · company suing director · derivative claim · shareholder action · director breach · corporate wrongdoing · suing on behalf of company · director negligence · shareholder remedy · asic · civil claim
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