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Financial services edition - November 20, 2014

  • WongPartnership LLP
  • -
  • Singapore, United Kingdom
  • -
  • November 20 2014

The Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) (Amendment) Act came partially into force on 1 September 2014

Reserve powers of management may devolve to shareholders when board is deadlocked

  • WongPartnership LLP
  • -
  • Singapore
  • -
  • November 19 2014

In the recent case of TYC Investment Pte Ltd & Ors v Tay Yun Chwan Henry & Anor 2014 SGHC 192 (10 October 2014), the Singapore High Court had to

JSC BTA Bank v Ablyazov 2013 EWCA Civ 928 (England, Court of Appeal, 25 July 2013)

  • WongPartnership LLP
  • -
  • Singapore, United Kingdom
  • -
  • November 12 2013

A freezing order in favour of JSC BTA Bank ("Bank") against Mr Ablyazov ("Respondent") was granted by the English courts in August 2009. The freezing

Club members permitted to bring representative action against club owner

  • WongPartnership LLP
  • -
  • Singapore
  • -
  • October 4 2013

Koh Chang Chiah & Ors v Treasure Resort Pte Ltd 2013 SGCA 52 concerned an appeal by the members of Sijori Resort Club ("Club") against the High

Ang Thiam Swee v Low Hian Chor 2013 SGCA 11 (Singapore, Court of Appeal, 31 January 2013)

  • WongPartnership LLP
  • -
  • Singapore
  • -
  • April 4 2013

One of the means by which company law seeks to ensure that a company will have proper recourse against a director that breaches his fiduciary duties

Directors of Airocean cleared of failing to make timely disclosure and of making a misleading announcement

  • WongPartnership LLP
  • -
  • Singapore
  • -
  • August 7 2012

The Singapore High Court recently issued its decision in the appeal of Madhavan Peter v PP 2012 SGHC 153

The Singapore Court of Appeal rules on insider trading and confiscation

  • WongPartnership LLP
  • -
  • Singapore
  • -
  • May 14 2012

The Court of Appeal recently issued its judgement in the case of Lew Chee Fai Kevin v Monetary Authority of Singapore 2012 SGCA 12

Lew Kiat Beng v Hiap Seng & Co Pte Ltd 2011 SGCA 61 (Singapore, Court of Appeal, 21 November 2011)

  • WongPartnership LLP
  • -
  • Singapore
  • -
  • February 24 2012

Where shareholders of a company believe that its directors have engaged in misfeasance and seek to bring an action against the directors on the company's behalf, section 216A of the Companies Act allows them to do this

Chang Benety & ors v Tang Kin Fei & ors 2011 SGCA 59 (Singapore, Court of Appeal, 4 November 2011)

  • WongPartnership LLP
  • -
  • Singapore
  • -
  • December 21 2011

This case concerned an appeal against the decision of the trial judge to validate certain directors' resolutions purported to have been passed by the board of directors of PPL Shipyard Pte Ltd ("Company"

Issues of corporate governance arising from Skandinaviska Enskilda Banken AB (Publ), Singapore Branch v Asia Pacific Breweries (Singapore) Pte Ltd & Anor

  • WongPartnership LLP
  • -
  • Singapore
  • -
  • October 4 2011

In Skandinaviska Enskilda Banken AB (Publ), Singapore Branch v Asia Pacific Breweries (Singapore) Pte Ltd & Anor 2011 SGCA 22, the Singapore Court of Appeal had to consider the claims of two banks ("plaintiffs") against Asia Pacific Breweries (Singapore) Pte Ltd ("APBS") for the repayment of loans disbursed due to the fraud of its employee, Chia Teck Leng ("Chia"