23 Feb 2006
ORD AND FENTON V CALAN HEALTHCARE PROPERTIES LIMITED AND ANOR HC AK CIV 2004-404-1786
- Citation
- openlaw-d523311d_d622_4b89_a75f_a26410ea4a96.pdf
- Court
- High Court
Leave declined because the applicants' primary contractual entitlement case had low prospects of success, corporate opportunity claims were undermined by evidence of knowledge/consent and the involvement and investigation by experienced independent directors, the likely recoverable quantum did not justify the substantial costs, and it was not in the company's interests nor a course a prudent business person would pursue.