The ‘Refinancing’ Tactic: How a licensed moneylender bent the rules to their advantage

Reading Time: 4 minutesIn July this year, the Straits Times reported a case involving a woman who was pressured by a licensed moneylender to renew her loan 16 times, obliging her to repay far more than what she owes. Using the woman’s case as an example, we discuss the ‘refinancing’ tactic used by more opportunistic moneylenders to overcharge their borrowers […]

Pursuing Legal Action on Behalf of a Company

Reading Time: 11 minutesWhat can a shareholder or company member do if the company has a claim against a third party but the directors of the company fail, neglect or refuse to commence action to pursue that claim? What if the claim is against the company’s directors for breach of directors’ or fiduciary duties? Or what if the […]

Financial Institutions: 3 Ways the Singapore Government Is Intensifying Anti Money Laundering Efforts

Reading Time: 6 minutesSingapore’s reputation as a global financial centre makes it susceptible to cross-border money laundering activities. In response, the Singapore government has stepped its efforts to protect the system’s integrity, in three ways. This article is written by Shashi Nathan and originally published in The Business Times. The “Article in 60 Seconds” is contributed by Leanne Cheng. […]

Receiving payments from a company when winding-up proceedings have been commenced against it

Reading Time: 4 minutesCentaurea International Pte Ltd (in liquidation) v Citus Trading Pte Ltd [2016] SGHC 264 We examine the first local reported decision on the issue of validating payments under Section 259 of the Companies Act. Essentially, while any payment made by a company after the commencement of its winding is prima facie void, Section 259 provides […]

A Guide to Letters of Demand

Reading Time: 6 minutesSeeking compensation from that rascal that rear-ended your beloved Mercedes? Trying to recover unpaid bills from a recalcitrant client that simply refuses to pay up?  It is always recommended to attempt to resolve these issues amicably if it’s possible.  If you want to preserve a meaningful business or personal relationship, you can try to negotiate on a settlement […]

Curveball Series: Should I Sue? (6 general considerations)

Reading Time: 3 minutesMany people are sometimes in situations so frustrating that we feel compelled to sue someone else for putting them through a maelstrom of anger, fear, frustration and shock. This could range from slander to unfair and unethical business practices. However, once you get down to it, you really need to ask yourself 6 questions to […]

The Bunga Melati 5 – The Saga Ends

Reading Time: 6 minutesThis article comes courtesy of Shook Lin & Bok LLP. One of the leading and full-service commercial law firms in Singapore with a strong Asian presence and global reach. They have close to a century of rich legal heritage with a number of partners who are eminent lawyers in their respective areas of expertise. They […]

Chan Siew Lee Jannie v Australia and New Zealand Banking Group Ltd [2016] SGCA23 – Whether “third party security” has to be specified in a statutory demand

Reading Time: 5 minutesThis article comes courtesy of Shook Lin & Bok LLP. One of the leading and full-service commercial law firms in Singapore with a strong Asian presence and global reach. They have close to a century of rich legal heritage with a number of partners who are eminent lawyers in their respective areas of expertise. They […]

Seagate Technology International v Vikas Goel [2016] SGHC 12 – Obtaining a Judgment on the Merits in Singapore for the Purpose of Enforcement Overseas

Reading Time: 4 minutesThis article comes courtesy of Shook Lin & Bok LLP. One of the leading and full-service commercial law firms in Singapore with a strong Asian presence and global reach. They have close to a century of rich legal heritage with a number of partners who are eminent lawyers in their respective areas of expertise. They […]

Making legal claims for medical malpractice

Reading Time: 3 minutesSince a medical practitioner is expected to improve your condition, you, as a patient, have the right to take legal action against a doctor, or nurse, if your condition worsens or a new one develops as a result of their negligence or malpractice. Your insurance would generally only cover future medical costs that resulted from […]

Curveball Series: Receiving a Death Threat or Being Stalked

Reading Time: 3 minutesThe Internet is a many splendored thing. The ways it helps reduce the distance between friends and family members who may not live in the same city or even country would have been unthought of in a previous century. Unfortunately, as such great things tend to be, the Internet is also a double edge sword. […]

Four Considerations Before Litigation: Sun Tzu’s Art of War

Reading Time: 4 minutesLitigation with its myriad outcomes closely resembles war. Many of us also hold on to a mistaken belief that our legal system always upholds justice – but on closer observation, we would realise that there are obstacles to winning a case, based purely on our sense of righteousness. Foolproof contracts may become void at the […]