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Singapore

Parakou Shipping Pte Ltd v Liu Cheng Chan

[2017] SGHC 15
JurisdictionSingapore
Year2017
Statusunclear

Key Principle

The SGHC held that directors who caused the company to pay dividends when the company was insolvent breached their fiduciary duties; the directors were jointly and severally liable to restore the funds to the company.

Area of Law

company

Related Cases

Shafron v Australian Securities and Investments Commission (2012) 247 CLR 465
Bell Group Ltd (in liq) v Westpac Banking Corporation [2012] WASCA 157
Barclay v Penberthy (2012) 246 CLR 258

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