Chapter: 32 COMPANIES ORDINANCE
Section Num: 168BE Version Date 15/07/2005
Court's power to strike out proceedings brought or intervention in proceedings by members under common law
(1) Where leave has been granted to a member of a specified corporation under section 168BC(3) and the member, in the exercise of any common law right, subsequently brings proceedings on behalf of the specified corporation in respect of the same cause or matter, or subsequently intervenes in the proceedings in question to which the specified corporation is a party, the court may
(a) order to be struck out or amended any pleading or the indorsement of any writ in the proceedings brought under the common law, or the intervention under the common law, or anything in such pleading or indorsement; and
(b) order the proceedings brought under the common law, or the intervention under the common law, to be stayed or dismissed or judgment to be entered accordingly.
(2) This section is in addition to and does not derogate from any power of the court conferred by any enactment or rule of law.
(Part IVAA added 30 of 2004 s. 2)