Morton v. Cherkaoui
The chambers judge did not err: on the record he acted within his discretion in refusing further adjournment, properly dismissed the conflict application, and correctly applied s.233(1) BCA—finding the applicant acted in good faith and that the proposed derivative proceeding is in the company's best interests because there is an arguable case with a reasonable prospect of success; therefore leave was correctly granted and the costs order was properly made.
Source excerpt
- Derivative action
- Leave to commence derivative proceeding
- Good faith test
- Best interests of the company
- Adjournment discretion
- Counsel disqualification