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Singapore
collective salefiduciary dutiesgood faith
Ng Eng Ghee v Mamata Kapildev Dave
[2009] 3 SLR(R) 109; [2009] SGCA 14
Key Principle
In a collective (en bloc) sale under the Land Titles (Strata) Act, the members of a collective sale committee owe fiduciary duties to all the subsidiary proprietors (including the dissenting minority) to act in good faith and to obtain the best price reasonably obtainable, and a sale tainted by a conflict of interest or breach of that duty of good faith will not be approved.
Area of Law
contract
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