What is the ratio in Wallersteiner v Moir (No 2)?

A minority shareholder who successfully brings a derivative action for the benefit of the company can recover their legal costs from the company.

What did the court decide in Wallersteiner v Moir (No 2)?

The Court of Appeal held that Moir could recover his legal costs from the company following his successful derivative action against the directors.

Why is Wallersteiner v Moir (No 2) important for company law?

It removes the financial deterrent to bringing derivative actions by allowing successful claimants to recover costs, thereby encouraging enforcement of directors' duties.

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