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Injunctions
- Wong Partnership
- -
- Singapore
- -
- October 27 2010
Where a Mareva injunction issued a defendant restrains the defendant from disposing of or dealing with assets in or outside of Singapore up to a specified value, the restraint applies to all assets of the defendant up to that specified amount and is not limited to just those assets disclosed by the defendant
Insider trading and the benefits of criminal conduct: part 2 of the Kevin Lew matter
- Wong Partnership
- -
- Singapore
- -
- August 20 2010
In 2007, Kevin Lew Chee Fai ("Lew"), a senior employee of WBL Corporation Limited ("WBL"), sold off his shares in WBL relying on financial information disclosed in an internal meeting which had yet to be made public
Company law
- Wong Partnership
- -
- Singapore
- -
- December 21 2010
In deciding whether to validate or invalidate a board resolution that had been passed inquorate, held that the court should engage in a holistic weighing and balancing of the various interests of all the relevant parties, and that in this balancing, it was entitled to have in mind the substance of the resolutions as well as the procedural irregularity
Company law
- Wong Partnership
- -
- Singapore
- -
- July 28 2010
Where a party to a joint venture sought to bring a derivative action on behalf of the joint venture company against one of its directors and where the joint venture agreement contained both a reserved matters clause and an arbitration clause, held that the question of whether the joint venture company should sue its director was a matter that fell within the reserved matters clause and should first be sent to arbitration
Company law
- Wong Partnership
- -
- Singapore
- -
- June 24 2010
Where under a shareholders' agreement, one shareholder had a right to appoint a director and another shareholder had a right to remove the other's nominee, held that the right of appointment had to be construed as being subject to the right of removal and hence the appointing shareholder could not seek to reappoint a person as a director once he had been removed by the other shareholder
Company law
- Wong Partnership
- -
- Singapore
- -
- June 24 2010
A director who had been removed from his offices as director, managing director and chairman of the boards of the two companies had a right to be given notice of his proposed removal so that he could seek to persuade the companies to change their minds
High Court rules on scope of insider trading provisions
- Wong Partnership
- -
- Singapore
- -
- July 21 2010
The Singapore High Court recently released its decision in the case of Monetary Authority of Singapore v Lew Chee Fai Kevin
The Airocean decisions: duties of directors when making company announcements
- Wong Partnership
- -
- Singapore
- -
- May 23 2011
Two decisions in relation to the failure by Airocean Group Limited ("Airocean") to announce investigations by the Corrupt Practices Investigation Bureau ("CPIB") have recently been issued
Directors' duties in relation to company announcements
- Wong Partnership
- -
- Singapore
- -
- March 31 2011
The decision of the District Court on 3 March 2011 in the case against the former directors of Airocean Group Ltd ("Airocean"), a company listed on the Sigapore Exchange ("SGX"), especially the severity of the sentence meted out against Peter Mahdavan - an independent non-executive director of Airocean - was surprising to many
Company law
- Wong Partnership
- -
- Singapore
- -
- June 30 2011
A director had a right to inspect company accounts pursuant to section 199(3) Companies Act to enable him to carry out all his statutory duties, including determining if he had breached those duties
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- Author - Joy Tan
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