Question
Malayan Banking Ltd is a major lender to Raffles Hotel Pty Ltd. Because of the uncertainty caused by COVID, the bank wanted the ability to
- Malayan Banking Ltd is a major lender to Raffles Hotel Pty Ltd. Because of the uncertainty caused by COVID, the bank wanted the ability to appoint a director to the board of Raffles Hotel Ltd. This clause was inserted in the constitution of the company.
The majority of the Board of directors of Raffles Hotel Pty Ltd were not happy with the Bank and refused Malayan Banking Ltd the ability to appoint a director.
Required:
Malayan Banking Ltd comes to you as an expert on Company law and asks can they enforce the right under the constitution to appoint a directors to the Board of Raffles Hotel Pty Ltd.
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Handbook Of Consumer Finance Research
Authors: Jing Jian Xiao
2nd Edition
3319288857, 978-3319288857
