News and developments

Applicable Test: Application for leave under s216A of the Companies Act to intervene in on-going pro

The Court of Appeal held that in such cases, it is not necessary for the complainant to demonstrate that the company is not prosecuting the action with diligence. It is sufficient for the complainant to show that there is a real probability that the company will not diligently prosecute the suit.

To read the update, please click here.