After a resolution is revoked, can the assets the company previously transferred under it be recovered?
Revocation of a resolution renders it void ab initio, but transactions between the company and a bona fide third party are unaffected (the newly revised law protects bona fide counterparties). If the assets were transferred to a ‘knowing related party,’ you may separately claim damages for the related-party transaction rather than relying solely on the revocation of the resolution.
Source article: Can a Shareholders’ Resolution Be Revoked? Practical Offense and Defense in Actions for Defective Resolutions | Lawyer Kevin Jun Lin
https://www.ljdev.top/%e8%82%a1%e4%b8%9c%e4%bc%9a%e5%86%b3%e8%ae%ae%e8%83%bd%e6%92%a4%e9%94%80%e5%90%97%ef%bc%9f%e5%85%ac%e5%8f%b8%e5%86%b3%e8%ae%ae%e7%91%95%e7%96%b5%e4%b9%8b%e8%af%89%e7%9a%84%e5%ae%9e%e5%8a%a1%e6%94%bb/
