28 Feb 2013
N M TOBIN ORTHODONTICS LIMITED V SADIE TOBIN HC PMN CIV 2012-454-000440
- Citation
- openlaw-65670860_e9fc_4d1a_ab11_ba25e7cb3dad.pdf
- Court
- High Court
Applying the factors in s165(2) and the prudent business person test, the Court exercised its discretion to grant leave because, on the facts presented, a prudent business person would bring the claim in the name of the companies; the applicant will fund the proceedings initially.
- Derivative action
- S165 companies act 1993
- Prudent business person test
- Relationship property impact on corporate claims