Derivative Actions

Episode 10 in our SQE FLK Business Law podcast talks about derivative actions. Need help with your SQE prep? Try Practice Works AI-led learning support for SQE1. Visit www.practiceworks.io/sqe-prep and use IOANNIS20 for 20% off any paid plan (available only for the first 30 people who use it!). Terms & Conditions apply.
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00:00 Problems in companies
00:54 Disclosure
02:12 Defending company interests
04:08 Can AI be the solution?
06:26 Company defenders
06:40 Director’s duties
08:34 Agency relationships
08:50 Foss v Harbottle
09:48 Complaining for the company
10:08 Proper plaintiff rule
11:36 The doctrine of privity
12:48 Fraud on the minority
17:18 Legislative intervention
20:22 s.260 Companies Act 2006
25:50 Criteria for derivative actions