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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"

Directors' duties in relation to company announcements

  • WongPartnership LLP
  • -
  • 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

Strict liability for failing to prevent bribery

  • WongPartnership LLP
  • -
  • Singapore, United Kingdom
  • -
  • April 27 2010

The United Kingdom's Bribery Act 2010 ('Act') makes bribery or being bribed on an offence