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Tembusu Growth Fund Ltd v ACTAtek, Inc and others [2015] SGHC 206
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[2015] SGHC 206
General Division of the High Court of Singapore5 Aug 2015Suit No 642 of 2012
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“fraudulently overcharged in breach of the company’s contract with the plaintiff was clearly in breach of his fiduciary duties owed to the company. In Tembusu Growth Fund Ltd v ACATek, Inc and others [2015] SGHC 206 (which was 15 reversed on appeal on a different point), Vinodh Coomaraswamy J held (at [119]) that a dire”
“fraudulently overcharged in breach of the company’s contract with the plaintiff was clearly in breach of his fiduciary duties owed to the company. In Tembusu Growth Fund Ltd v ACATek, Inc and others [2015] SGHC 206 (which was reversed on appeal on a different point), Vinodh Coomaraswamy J held (at [119]) that a directo”
“is a director if: (i) he is acting bona fide in the discharge of his office as a director; and (ii) he is acting within the scope of his authority” (Tembusu Growth Fund Ltd v ACTAtek, Inc and others [2015] SGHC 206 at [117]; citing Said v Butt [1920] 3 KB 497 at 506 and Chong Hon Kuan Ivan v Levy Maurice (No 2) [2004]”
“dgment for Tembusu for S$1.5m and interest (being its claim under the 2012 CLA), US$1.5m and interest (being its claim under the 2007 CLA) and costs: Tembusu Growth Fund Ltd v ACTAtek, Inc and others [2015] SGHC 206 (“ACTAtek (HC)”). I dismissed the defendants’ counterclaim in its entirety.”
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Tembusu Growth Fund Ltd v ACTAtek, Inc and others [2015] SGHC 206
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Case No: Suit No 642 of 2012
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Court: General Division of the High Court of Singapore
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Decision Date: 2015-08-05
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