LCRO 25/2016 RZ v LB [pdf, 229 KB]
...RZ, being also a director, object to proceedings against himself: [W]e as lawyers of the company will not be in a position to continue the proceedings, unless derivative action proceedings were commenced … [which would] incur significant legal fees and court costs … [I]f proceedings were commenced against Mr RZ there [was] a risk that the company would be made liable for indemnity costs if the proceedings…[did] not succeed. 6 (f) Aware by 29 May 2015 that Mr RZ did not con...