Malaysia High Court emphasises importance of good faith in a derivative action under the Companies Act 2016

29 November 2022

Dato’ Chan Kon Tak v Malaya Harvest Sdn Bhd [2022] MLJU 1496

The High Court of Malaya in Dato’ Chan Kon Tak v Malaya Harvest Sdn Bhd considered whether to allow a derivative action that enables a member of a company to bring an action in the name of the company to recover losses sustained by that company.

This article by our associate firm in Malaysia, Rahmat Lim & Partners, provides an overview of the court’s decision. To read the full article from the Rahmat Lim & Partners website www.rahmatlim.com, please click here.