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Singapore · Practice area

Companies

Directors' duties, shareholder disputes, insolvency, and winding up.

318 decisions

Principal legislation

Companies decisions

Result 75

[2023] SGHC 361

Marten, Joseph Matthew and another v AIQ Pte Ltd (in liquidation) and others

General Division of the High Court29 December 2023

Companies — Oppression — Minority shareholders — Locus standi of nominee holding company to bring oppression action for acts done to beneficial shareholder; Companies — Oppression — Minority shareholders — Rights issue to raise urgently needed funds for company not oppressive conduct even if other shareholders are diluted; Companies — Directors — Shadow directors; Companies — Oppression — Minority shareholders — Qua member rule; Companies — Oppression — Minority shareholders — Reflective loss principle; Companies — Oppression — Minority shareholders — Whether there was an understanding and agreement between two shareholders that gave rise to equitable considerations; Companies — Oppression — Minority shareholders — Acts of shareholder bring oppression suit to be considered when determining if conduct complained of is unfair, as long as no tit-for-tat behaviour; Tort — Conspiracy — Unlawful means conspiracy — Whether breach of company constitution is a wrongful act; Tort — Conspiracy — Lawful means conspiracy

Result 96

[2023] SGHC 106

Tanoto Sau Ian v USP Group Ltd and another matter

General Division of the High Court19 April 2023

Companies — Members — Meetings — Beneficial shareholders seeking to requisition an extraordinary general meeting — Whether estoppel or the extended doctrine of res judicata can override the requirement that only members can requisition an extraordinary general meeting — Section 176(1) Companies Act 1967 (2020 Rev Ed); Companies — Statutory derivative action — Bringing statutory derivative action for permanent injunction with no good legal basis and with no credible evidence — Whether proposed action was prima facie in interests of company — Section 216A(3)(c) Companies Act 1967 (2020 Rev Ed); Companies — Statutory derivative action — Bringing statutory derivative action for permanent injunction with no good legal basis and with no credible evidence — Whether applicant honestly or reasonably believed that a good action exists — Section 216A(3)(b) Companies Act 1967 (2020 Rev Ed)

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