Singapore fraudshare salerescission

Liberty Sky Investments Ltd v Goh Seng Heng

[2020] 1 SLR 606; [2020] SGCA 7

JurisdictionSingapore

CourtSingapore Court of Appeal

Year2020

StatusBinding authority

Key Principle

The Singapore Court of Appeal confirmed that fraudulent misrepresentation as to the imminence of a trade sale and the likelihood of an IPO — where the representor lacked honest belief — entitles the representee to rescind a share sale agreement and recover the purchase price.

Area of Law

company

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