Singapore insolvencytransactions at undervaluefiduciary duties

Parakou Shipping Pte Ltd v Liu Cheng Chan

[2017] SGHC 15

JurisdictionSingapore

CourtSingapore High Court

Year2017

StatusBinding authority

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

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