Ang Thiam Swee v. Low Hian Chor
Ang Thiam Swee gave a leading account of the leave threshold under s 216A of the Companies Act, stressing that motive alone is not decisive; the key question is whether the proposed derivative action genuinely serves the company's interests, with good faith and corporate benefit assessed together.
Holding
Ang Thiam Swee gave a leading account of the leave threshold under s 216A of the Companies Act, stressing that motive alone is not decisive; the key question is whether the proposed derivative action genuinely serves the company's interests, with good faith and corporate benefit assessed together.
Issues
leave for statutory derivative actionsgood-faith requirementassessment of the company's interests