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Concorde Services Pte Ltd (in liquidation) v Ong Kim Hock and another [2024] SGHC 324
A director who misapplies company assets and fails to account for them breaches fiduciary duties and is liable for substitutive compensation.
Duke Bakery Pte Ltd v Lin Liming and others [2024] SGHC 318
The court dismissed the claims against the directors and finance manager, finding that the alleged 'Transfer Agreement' was not established and that the loan in question was a temporary, short-term loan that the company was contractually bound to repay.
Prometheus Marine Pte Ltd (in liquidation) v Pickering, Alan John and others [2024] SGHC 293
Directors of a company in liquidation are liable for breaches of fiduciary duties where they caused the company to make unjustified payments or incur expenses for their own benefit while the company was insolvent or of doubtful solvency.
Inter-Pacific Petroleum Pte Ltd (in liquidation) v Goh Jin Hian [2024] SGHC 178
A director of an insolvent company owes a duty to consider the interests of creditors, and a failure to exercise reasonable diligence in monitoring the company's affairs, leading to the company being used as a vehicle for fraud, constitutes a breach of duty.
Chong Hon Kuan Ivan v Levy Maurice and Others (No 2) [2004] SGHC 217
A director is not liable in tort for inducing a breach of contract by their company if they act bona fide and within the scope of their authority.
DM Divers Technics Pte Ltd v Tee Chin Hock [2004] SGHC 191
Directors owe fiduciary duties to their companies, including the duty to act honestly and in good faith, and not to place themselves in a position of conflict. A director who misappropriates company funds is liable to compensate the company.
Innovative Corp Pte Ltd v Ow Chun Ming and another [2019] SGHC 121
A director who resigns to exploit a maturing business opportunity of the company, which the company was actively pursuing, breaches their fiduciary duties. The director must account for profits derived from such breach, regardless of whether the company could have successfully ex
Traxiar Drilling Partners II Pte Ltd (in liquidation) v Dvergsten, Dag Oivind [2018] SGHC 14
A director owes a fiduciary duty to act bona fide in the interests of the company, which includes a duty to take into account the interests of creditors when the company is in a parlous financial position.
Bijynath s/o Ram Nawal v Innovationz Pte Ltd (Accounting and Corporate Regulatory Authority, intervener) [2019] SGHC 218
The court has broad discretion under s 344G(3) of the Companies Act to place persons in the position they would have been in had a company not been struck off, provided it is just to do so, and this discretion is not limited by the test for leave under s 155A(3).