11/8/2011 Fraud on the company 2 elements:fraud control 。Fraud: wider than common law fraud is negligence covered?(Pavlides v Jensen;Daniels v Daniels) ·Control: voting power in general meeting nominee shareholders:Pavlides v Jensen Establishing standing: Waddington Ltd v Chan Chun Hoo [2008]HKEC 1498,[2008]HKCU1381(CFA) 17 Statutory derivative action-PT IVAA Member can bring action on behalf of company in relation to misfeasance:ss 168BB,168BC. 。Leave is required. 18 911/8/2011 9 17 • 2 elements: fraud + control • Fraud:  wider than common law fraud  is negligence covered? (Pavlides v Jensen; Daniels v Daniels) • Control:  voting power in general meeting  nominee shareholders: Pavlides v Jensen • Establishing standing:  Waddington Ltd v Chan Chun Hoo [2008] HKEC 1498, [2008] HKCU 1381 (CFA) Fraud on the company 18 Statutory derivative action - PT IVAA • Member can bring action on behalf of company in relation to misfeasance: ss 168BB, 168BC. • Leave is required