LANDMARK HIGH COURT CASE ON THE REQUISITIONING OF EGMS OF PUBLIC LISTED COMPANIES IN SINGAPORE – THE USP GROUP CASE In its regulator’s column on 27 April 23, SGX RegCo said that the Boards of listed companies should seriously consider the objects and proposed resolutions of a general meeting requisitioned by shareholders and conduct the…
1 WRONGFUL TRADING UNDER SECTION 239 OF THE IRDA 1.1 Definition of Wrongful Trading Section 239(12) of the IRDA states that a company trades wrongfully if: (a) The company, when insolvent, incurs debts or other liabilities without reasonable prospect of meeting them in full; or (b) The company incurs debts or other liabilities (i) That…
Scams are a prevalent issue in today’s society, affecting individuals and businesses alike. A scam is defined as a fraudulent scheme or deception, often carried out through the use of technology or other means, with the intention of obtaining money or personal information from unsuspecting victims. Scams can take many forms, including phishing emails, fake…
