264 Application for permission to continue derivative claim brought by another member
Companies Act 2006 | Legislation

264  Application for permission to continue derivative claim brought by another member

(1)     This section applies where a member of a company (“the claimant”)—

(a)     has brought a derivative claim,

(b)     has continued as a derivative claim a claim brought by the company, or

(c)     has continued a derivative claim under this section.

(2)     Another member of the company (“the applicant”) may apply to the court for permission (in Northern Ireland, leave) to continue the claim on the ground that—

(a)     the manner in which the proceedings have been commenced or continued by the claimant amounts to an abuse of the process

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