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M Development wins claim against ex-director, 2 family members for breaching fiduciary duties

M Development wins claim against ex-director, 2 family members for breaching fiduciary duties

Investment holding firm M Development on Wednesday (Nov 7) said it has been successful in its claim against defendants in the litigation commenced by its subsidiary, Winsta Holding, in the Singapore High Court.

Categories: Headlines

Journals Online: Reformulating the rules on director liability exclusions in Said v Butt: PT Sandipala Arthaputra v STMicroelectronics Asia Pacific Pte Ltd [2018] 1 SLR 818 [Case Note]

The judgment left the position on personal liability for a company’s tortious acts significantly different. This note argues that the position in tort should be brought in line with that for contract.

Enforce disclosure rules to keep bond market fair

Enforce disclosure rules to keep bond market fair

Rules for directors' change in interests in firm's debentures not as robust as you'd think.

Categories: Headlines

[MYR] Ensuring Compliance with the Myanmar Companies Law 2017

The Myanmar Companies Law 2017 (MCL), which entered into force on 1 August 2018, introduces a modern legal framework for foreign investment in Myanmar.

Supreme Court Case Summary: Douglas Foo Peow Yong v ERC Prime II Pte Ltd and another appeal and other matters [2018] SGCA 67

CA allowed the winding up of ERC Prime II and Gryphon Real Estate Investment Corporation on the basis that the applicants had justifiably lost confidence in the management of these companies.

[MYR] Anti-corruption and anti-bribery laws in Myanmar

On 3 Aug 2018, the Ministry of Planning and Finance, DICA issued an announcement on the Anti-Corruption Code of Ethics for Companies and Body Corporates.

LawWatch - October 2018 Edition

This update includes summaries of notable cases such as Bintai Kindenko Pte Ltd v Samsung C&T Corp [2018] SGCA 39 and The Wellness Group Pte Ltd v Paris Investment Pte Ltd & Ors [2018] SGCA 47.

Voting rights of bondholders and trustees in restructuring proceedings

In Re Swiber Holdings Ltd [2018] SGHC 211, the SHC dealt with novel issues arising from when the bond issuer enters judicial management, or seeks  a to restructure its debt in a scheme of arrangement.

Re Swiber Holdings Ltd [2018] SGHC 211

Companies — Receiver and manager

Recent developments in Singapore relating to directors’ duties

This case update summarizes key extracts from 5 recent High Court and Court of Appeal judgments on director's duties.

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