Company Law
The case of Lim Seng Choon David v Global Maritime Holdings Ltd1 is a straightforward, yet salutary, reminder of the importance for a director to act bona fide and in the best interests of his company. In that case the laundry list of breaches was long, including making unnecessary business trips, o...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2020
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/sol_research/4021 https://search.library.smu.edu.sg/discovery/fulldisplay?docid=cdi_rmit_primary_533480618719976&context=PC&vid=65SMU_INST:SMU_NUI&lang=en&search_scope=Everything&adaptor=Primo%20Central&tab=Everything&query=any,contains,Singapore%20Academy%20of%20Law%20annual%20review%20of%20Singapore%20cases%202020%20company%20law&offset=0 |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | The case of Lim Seng Choon David v Global Maritime Holdings Ltd1 is a straightforward, yet salutary, reminder of the importance for a director to act bona fide and in the best interests of his company. In that case the laundry list of breaches was long, including making unnecessary business trips, obtaining reimbursement wrongly for overseas trips, making claims and obtaining reimbursement for personal expenses, issuing unnecessary and unauthorised cheques to various third parties, and causing the company to enter into lease agreements for properties owned by the director’s wife and himself |
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