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Derivative claims
Practical Law UK Practice Note 8-546-6725 (Approx. 26 pages)
Derivative claims
by Practical Law Corporate (based on material originally contributed by Matthew Morrison, barrister, Serle Court)
This note explains statutory and common law derivative claims. These are claims "derived from" a company: brought by relevant others in its name and on its behalf. Claims brought by members of a company formed and registered under the Companies Act 2006 are governed by Part 11 of that Act. A parallel procedure applies at common law to claims brought by non-members, including members of a parent company (so-called double derivative claims), or in respect of other entities (such as overseas companies and LLPs).
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