Tue 04/23/2024 23:44 PM
Reorg Asia Highlights:
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The Singapore Court of Appeal, or CoA, has clarified the nature, scope and content of directors' duty to consider the interests of creditors, or Creditor Duty;
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The court is to (i) ascertain the financial state of the company at the material time against three categories created by the CoA and (ii) examine the subjective intentions of the director, determining whether the director acted in what they considered to be the best...
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