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

Foo Kian Beng v OP3 International Pte Ltd [2024] SGCA 10

Kiri Industries Ltd v Senda International Capital Ltd [2022] 1 SLR 1

Kiri Industries Ltd v Senda International Capital Ltd (Minority Oppression) [2022] SGCA(I) 5

Ask CommonBench about this case

Get a detailed analysis of Parakou Shipping Pte Ltd v Liu Cheng Chan and how it applies to your situation.

Explain Parakou Shipping Pte Ltd v Liu...