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ENFORCEMENT OF CORPORATE RIGHTS-THE RULE IN FOSS v HARBOTTLE: DEAD OR ALIVE

机译:企业权利的执行-FOSS v HARBOTTLE中的规则:死或生

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The principle on the enforcement of a corporation’s right of action which is encapsulated as the rule in Foss v Harbottle has continued to attract discombobulating academic and judicial comments in defining the scope and exceptions to that rule. The recent statutory interventions which are witnessed in the UK and South Africa by redefining the right of the minority shareholders and other persons to intervene in the corporation’s right of action are seen by some writers as having extinguished the flame ignited by the decision in Foss v Harbottle. A detailed examination of the real purport of Wigram VC’s pronouncement in that case is undertaken, streamlining the rule and the subsequent decisions of courts carving out rooms for departure from the rule. The paper argues that the statutory interventions in jurisdictions under discussion only borders on derivative action which is an exception to the rule. The effect of those statutory provisions on the rule itself is not too significant as would justify the suggestion that the rule is now extinct. Thus, the paper concludes that the rule in Foss v Harbottle remains the principal approach to the enforcement of a corporation’s right of action.
机译:在Foss v Harbottle案中,作为强制执行规则的公司行动力原则被封装为规则,在定义该规则的范围和例外时,继续吸引着具有争议性的学术和司法评论。在一些英国作家看来,英国和南非最近通过重新定义少数股东和其他人干预公司行动权的法律干预措施,已经消除了Foss v Harbottle案的裁决所点燃的火焰。 。对Wigram VC在该案中的宣告的真实意图进行了详细的研究,精简了该规则以及法院随后的裁定,以期划定可以脱离该规则的空间。本文认为,在讨论中的司法管辖区中的法定干预仅与派生诉讼接壤,这是该规则的例外。这些法律规定对规则本身的影响不是很大,因为可以证明该规则现已灭绝。因此,本文得出结论,Foss v Harbottle案中的规则仍然是执行公司诉讼权的主要方法。

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