Shareholders’ disputes and minority oppression actions under Section 216 of the Companies Act
Shareholder disputes are not merely battles of commercial interests, they typically involve intricate human issues of complex interpersonal dynamics, breakdowns in trust and understanding, unspoken intentions, divergent and irreconcilable visions, and oppressive conduct (just to cite a few). These aspects necessitate strategic and robust representation. At LawCraft, we have delivered highly desirable and proven outcomes and some of our experience include:
- represented group of minority stakeholders and unwound a multi-million dollar M&A transaction arising out of an undisclosed fraud by a CEO ASX-listed company,
- commencing derivative action on behalf of minority shareholders in respect of concealed fraud of more than S$8 million, and
- paving the way for settlement for a minority shareholders of a family-owned business arising out of systematic unfairness and avoided costly litigation.
Directors’ Disputes
Considering the extensive legal obligations that company directors are entrusted with, they are not only exposed to civil liabilities for civil wrongs but also attract criminal sanctions with consequences which may extend to a jail term.
Our team of lawyers at LawCraft are well-equipped in investigating, prosecuting and defending against alleged breaches of directors duties, uncovering fraudulent activities, practices and other corporate wrongs attributed to the director(s). Some of our experience include:
- Acting for and obtained successful outcomes for directors of media and mobile telecommunications company, in relation to various alleged breaches of the Telecommunications Act;
- Defending a former CEO of a SGX-listed company concerning allegations that he caused and/or procured fraudulent agreements with over USD 11 million in issue; and
- Obtaining Court Orders sanctioning the initiation of investigations into the possible wrongdoings of the directors of the company on behalf of minority creditors of a company placed under Judicial Management.