Fiona Treanor

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Permission Refused For Climate-change Activist Shareholder To Bring Derivative Action On Behalf Of Shell Plc Against Its Directors

May 29, 2023 | mondaq.com | Alexander Oddy |Fiona Treanor |Greig Anderson

In what is undoubtedly a significant decision for boards seeking to grapple with how to respond to the impact of climate change on their company's business as well as the D&O insurance market, the High Court has refused permission for ClientEarth, a minority shareholder in Shell plc, to continue a derivative action on behalf of the company against its directors (the Directors): ClientEarth v Shell plc & Ors [2023] EWHC 1137 (Ch).

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