The High Court recently ruled that the general directors’ duties prescribed by sections 171-177 of the Companies Act 2006 (“CA 2006”) (the “General Duties”) continue to apply to directors after their ...

OP3 International Pte Ltd v Foo Kian Beng [2022] SGHC 225 is a good illustration of the approach taken by the court in considering directors’ duties when a company is in a financially parlous ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Delaware courts have also recognized a third test, finding that insolvency “occurs at the moment when the entity has liabilities in excess of a reasonable market value of assets held.”[FOOTNOTE 10] ...

The duties of the directors and officers in companies, are governed by the provisions of the company law, the articles and memorandum of association of the company and, moreover, the corporate ...

Boards of directors owe fiduciary duties to their organization's shareholders. In other words, they must act in the shareholders' best interests. If a corporate bankruptcy looms the board's actions ...

due diligence: As this is one of the most document-heavy phases of any M&A transaction, AI can assist to triage, classify, and summarise large document sets to accelerate issue spotting and free up ...

It is common knowledge that directors of companies owe a duty to the company to act in its best interests. Less well understood is the principle that, when a company reaches a certain level of ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

As sustainability disclosure, climate governance, and ESG supervision become more embedded in regulatory frameworks, boards face heigtened expectations around oversight, risk management, and ...