If A buys shares from B, and B made certain warranties to A about the company which turned out to be false, A can sue B for breach of warranty. Separately, if B had made misrepresentations to A to induce A to purchase the shares, A can sue B for misrepresentation in addition to breach of contract.
This may occur for example where it was falsely warranted that the company’s profits were higher than they in fact were, or that certain machinery or property of the company was in good working condition and free of defects.
How is the loss measured in such a scenario?
Continue reading “Article: Measure of Loss for Breach of Warranty in Sale of Shares”
The Singapore Court of Appeal awarded a loss of genetic affinity head of claim in a negligence tort suit for a case of wrongful fertilisation (IVF mix up). This is a novel unprecedented head of claim (possibly worldwide). Although the Court rejected the claim for upkeep costs of the child on public policy grounds, it decided to peg the loss of genetic affinity damages to a percentage of the upkeep costs. Summary of the decision here.
Continue reading “Case Update: ACB v Thomson Medical Pte Ltd and others  SGCA 20 – Court of Appeal awards loss of genetic affinity claim for wrongful fertilisation (IVF mix up) case”
Significance: Singapore Court of Appeal clarifies the legal and conceptual basis for awarding and quantifying damages pursuant to a breach of a lease agreement. Court held that claims for expectation and reliance losses as damages for breach of contract are mutually exclusive.
Continue reading “Case Update: Alvin Nicholas Nathan v Raffles Assets (Singapore) Pte Ltd  SGCA 18 – damages for premature termination of lease agreement”