Notable Cases on Corporate Law

Abstract

The Plaintiff is recorded in the shareholder registry of the Defendant (a listed company in the securities market) as holding 2,604,300 shares. The Plaintiff claimed that the resolution of the appointment of a director made by the Defendant companys regular general shareholders meeting on March 28, 2014 was defective. The main issue was whether the Plaintiff could exercise shareholder rights in relation to the Defendant company. The Plaintiff purchased exchange-traded shares issued by the Defendant using a securities account opened within a securities company under his name. However, the money which was actually paid to the aforementioned account was not the Plaintiffs, but belonged to a real shareholder (Nonparty).