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Singapore
Marten Joseph Matthew & Anor v Aiq Pte Ltd (in Liquidation) & 6 Ors
[2023] SGHC 361
Key Principle
Companies — Directors — Shadow directors; Tort — Conspiracy — Lawful means conspiracy; Companies — Oppression — Minority shareholders — Qua member rule; Companies — Oppression — Minority shareholders — Reflective loss principle; Tort — Conspiracy — Unlawful means conspiracy — Whether breach of company constitution is a wrongful act; Companies — Oppression — Minority shareholders — Locus standi of nominee holding company to bring oppression action for acts done to beneficial shareholder; Companies — Oppression — Minority shareholders — Whether there was an understanding and agreement between two shareholders that gave rise to equitable considerations; Companies — Oppression — Minority shareholders — Rights issue to raise urgently needed funds for company not oppressive conduct even if other shareholders are diluted; 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
Area of Law
Companies
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