Evolving statutory derivative action principles in South Africa: The good faith criterion and other legal grounds

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dc.contributor.authorMupangavanhu, Brighton M.
dc.date.accessioned2021-09-27T15:08:31Z
dc.date.available2021-09-27T15:08:31Z
dc.date.issued2021
dc.description.abstractThe recent Supreme Court of Appeal (SCA) judgment in Lazarus Mbethe v United Manganese of Kalahari raises jurisprudential questions regarding statutory derivative actions in South Africa. For example, the SCA did not agree with the court a quo’s ruling that the discretion to be exercised by the court is limited by provisions of section 165(5). The SCA also questioned whether it is necessary for South African courts to follow the good faith criterion in the Australian case of Swansson v Pratt as adopted into South African law through Mouritzen v Greystones Enterprises (Pty) Ltd & Another. This article contributes to these questions, and proposes possible criteria for other requirements in section 165(5)(b) of the Companies Act 71 of 2008. These other requirements are that the statutory derivative action proceedings must involve “a trial of a serious question of material consequence to a company” and that proceedings be “in the best interests of the company”.en_US
dc.identifier.citationMupangavanhu, B. M.et al. (2021). Evolving statutory derivative action principles in South Africa: The good faith criterion and other legal grounds. Journal of African Law, 65(2), 293–311. https://doi.org/10.1017/S0021855321000115en_US
dc.identifier.issn1464-3731
dc.identifier.urihttps://doi.org/10.1017/S0021855321000115
dc.identifier.urihttp://hdl.handle.net/10566/6828
dc.language.isoenen_US
dc.publisherCambridge University Pressen_US
dc.subjectInternal management principleen_US
dc.subjectCompanies Act 71 of 2008en_US
dc.subjectLabour lawen_US
dc.subjectSouth Africaen_US
dc.subjectStatutory derivative action proceedingsen_US
dc.titleEvolving statutory derivative action principles in South Africa: The good faith criterion and other legal groundsen_US
dc.typeArticleen_US

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