Commercial Law, 2022 Bar — Question 6

ESSAY

Yoongi, a director of BTS Corp. PH, bought substantial shares of its major supplier, Hybe, Inc. When Hybe, Inc.'s contracts were taken up by the BTS Corp. PH Board, Yoongi not only voted for their approval but influenced other directors to do so. Later, the Hybe, Inc. contracts turned out to be disadvantageous to BTS Corp. PH and caused it substantial losses. Discuss the action/s that may be pursued against Yoongi under the Revised Corporation Code. Explain briefly.

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