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The Right to Bring a Derivative Claim on the Legislation of England

T.A. Vasilieva,
Master’s Student of the Department of Civil Procedure 
of the Siberian Federal University


In the article the approaches to the right to bring a derivative claim in England (the common law derivative claim, the statutory derivative claim) are examined. The personal rights of the shareholders are protected by a personal suit (personal claim). In this case, there is not a well-defined list of the personal rights of members of the legal entity. Personal action (personal claim) and representative action serve as forms of direct action (direct action), which serves to protect not only personal, but also other rights of the shareholder claims a shareholder to the company (e.g., challenging a decision in violation of the procedure for its adoption by the General Assembly, the restoration of impaired corporate law contestation of certain abuses by their authority, etc.). A distinctive characteristic of derivative action is first of all the subject of action. The derivative action contains a claim for damages, on the transfer of property or money that belong to the company. In the case when the desired method of protection – a ban or a confession, the claim can’t be qualified as a derivative. 

Keywords: derivative claims; civil procedure; arbitration procedure.


References 

  Abolonin G.O. Massovye iski [Mass Claims] (in Russian). M., 2011. 
  Benevolenskaya Z.S. Fidutsiarnye obyazatel’stva direktora kompanii po angliiskomu pravu [Fiduciary Obligations of Company Director under English Law] (in Russian) // Journal of Russian Law. 2006. No. 4. P. 128–133. 
  Boyle A.J. Minority Shareholders, Remedies. Cambridge University Press, 2004. 
 Joffeqc V., Drake D., Richardson G., Lightman D., Collingwood T. Minority Shareholders: Law, Practice, and Procedure. Oxford University Press, 2011. Ohrenstein D. Through the looking glass // The Commercial Litigation Journal. 2011. Sept./Oct. P. 20–24 (available at: http://radcliffechambers.com/media/Misc_Articles/ Looking_glass.pdf). 
  Ramsay I., Saunders B. Litigation by Shareholders and directors: an empirical study of the statutory derivative action. The University of Melbourne, 2006 (available at: http://www.law.unimelb.edu.au/files/dmfile/Statutory_Derivative_Action_Research_ Report__15_03_06_21.pdf). 
  The Direvative Action in Asia: A Comparative and Functional Approach / D. Puchniak, H. Baum, M. Ewing-Chow (eds.). Cambridge University Press, 2012. 
  Wooldridge F., Davies L. Derivative claims under UK company law and some related provisions of German law// Amicus Curiae. 2012. Issue 90. P. 5–10. 

Information about the author 

  Vasilieva T.A. (Krasnoyarsk) – Master’s Student of the Department of Civil Procedure of the Siberian Federal University (660075, Krasnoyarsk, Maerchaka st., 6, room 3-09A; e-mail: [email protected]).

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T.A. Vasilieva