The legal lessons from Elon Musk’s turnaround in buying Twitter:
Musk signed the merger agreement before his advisors conducted due diligence.
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Singapore High Court considers principles for granting permission to continue or commence legal action against a bankrupt
Wang Aifeng v Sunmax Global Capital Fund 1 Pte Ltd [2022] SGHC 271
The Court (per Goh Yihan JC) in this decision considered the principles for granting permission to continue or commence legal action against a bankrupt individual under s 327(1)(c)(ii), IRDA.
Legal Lifecycle of a Business: All the contracts and legal issues your business may face from startup to acquisition to listing to liquidation
As a lawyer, I’ve worked with clients from startup founders to CEOs and Board Directors of listed companies. I get questions from time to time about their legal problems and shortfalls in their legal documentation. Just like it’s prudent to have annual medical check-ups on our health, businesses would do well to have regular legal health diagnostics.
This article explains the general legal issues and legal documents, contracts, and agreements which a business can expect to encounter through its lifecycle from founding to seed, from maturity to liquidation.
Singapore High Court held employer not obliged to comply with its own employment policies: Kallivalap Praveen Nair v Glaxosmithkline Consumer Healthcare Pte Ltd [2022] SGHC 261
Interesting case: Kallivalap Praveen Nair v Glaxosmithkline Consumer Healthcare Pte Ltd [2022] SGHC 261
Ex-employee claimed that employer GSK breached its employment contract by failing to follow its own employment policies.
Directors winding up companies under Singapore’s IRDA
Significance: in Adip Mittal v Offshore Holding Company Pte Ltd [2022] SGHC 239, the General Division of the Singapore High Court (coram Goh Yihan JC) considered, in the first reported decision on this issue, the legal principles applicable to s 124(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (IRDA), which allows directors to wind up companies. Prior to the IRDA, directors had no legal standing to wind up companies.
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SGHC on intention to repair in cost of cure damages claims
Significance: the General Division of the Singapore High Court in JSD Corp Pte Ltd v Tri-Line Express Pte Ltd [2022] SGHC 227 (coram: Goh Yihan JC) clarified that a claimant’s intention to repair will be a very significant factor in the court’s assessment on whether to grant cost of cure damages in claims of breach of contract or negligent damage to property.
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Case: Singapore High Court grants declaratory judgment in default and varies default judgment in part
Powercom Yuraku Pte Ltd v Sunpower Semiconductor Ltd [2022] SGHC 211
Significance: This is the first time the Singapore court explained the legal basis on which: (a) a judgment granted in default of defence can be set aside in part; and (b) declarations can be made in default of defence or on admission or by consent. Goh Yihan JC explains in this judgment.
DAO Legal Structures and Considerations under Singapore Law
DAO web3.0 blockchain-based (Decentralised / Digital Autonomous Organisations) legal structures and considerations under Singapore law
Case: [2022] SGHCR 7 – procedural considerations regarding starting a suit against estate
Maybank Singapore Limited v Personal representatives of the estate of Khoo Gek Hwa Christina, deceased [2022] SGHCR 7
Significance: The Assistant Registrar set out practical guidance on the procedure for starting a suit against a deceased’s estate at [98]:
Overview of Crypto, Digital Tokens, Virtual Assets Laws & Regulations in Singapore (June 2022)
