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Strict liability for failing to prevent bribery

  • Wong Partnership
  • -
  • Singapore, United Kingdom
  • -
  • April 27 2010

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

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

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

  • Wong Partnership
  • -
  • 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"

General counsel update: 31 May 2012

  • Herbert Smith Freehills LLP
  • -
  • Argentina, China, European Union, Hong Kong, Singapore, Spain, United Kingdom
  • -
  • May 31 2012

This is the twenty-ninth in our series of General Counsel Updates which aim to summarise major developments in key areas

Singapore High Court overturns district court judgment and acquits directors in relation to offences concerning disclosure under the Securities and Futures Act

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • August 30 2012

The Singapore High Court, in Madhavan Peter v Public Prosecutor and other appeals 2012 SGHV 153, overturned the District Court's judgment against independentnon-executive director Peter Madhavan ("Madhavan"), Chief Operating Officer Chong Keng Ban Johnson Chong ("Chong") and independentnon-executive director On Seow Yong ("Ong"

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