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Liquidated Ascertained Damages for Late Delivery of Property

Liquidated Ascertained Damages for Late Delivery of Property

by Alliff Benjamin Suhaimi

A purchaser has a right to seek legal recourse from the property developer for Liquidated Ascertained Damages based on the terms of the SPA if delivery of the property is delayed.[Read more...]

Court Appointed Liquidators

Court Appointed Liquidators

by Lavinia Kumaraendran

In the case of a winding up, would it be more preferable to have a Court appointed liquidator or a private liquidator? This article lays down the reasoning.[Read more...]

Importance of a Bankrupt to honour agreed payments & file monthly returns

Importance of a Bankrupt to honour agreed payments & file monthly returns

by Rachel Ng Li Hui

Being a bankrupt is hard, but remaining an undischarged bankrupt is harder, This article shares about the importance of a bankrupt to keep agreed payments & file monthly returns in order to secure a discharge from bankruptcy.[Read more...]

Debt Recovery: Different ways to achieve payment for debts due & owing

Debt Recovery: Different ways to achieve payment for debts due & owing

by Clinton Tan Kian Seng

Recovering debts owed is usually a hassle. This extract from Thomas Philip's SME Table Talk shares about different legal ways to achieve payment for debts due & owing.[Read more...]

Distinction between 'Days' & 'Clear Days' in the Companies Act 2016

Distinction between 'Days' & 'Clear Days' in the Companies Act 2016

by Jason Yong Kok Yew

Thomas Philip recently defended successfully an injunction application to prevent an EGM from taking place. The key dispute in the injunction is the distinction between the terms 'days' & 'clear days' for provision of EGM notice.[Read more...]

Is All Lost for a Creditor when a Company is Wound Up?

Is All Lost for a Creditor when a Company is Wound Up?

by Lavinia Kumaraendran

What happens when a company still owes you a debt after being wound up? This article shares tips on how to file proof of debt to recover monies owed after a company is wound up.[Read more...]

Navigating the Winding Up Process

Navigating the Winding Up Process

by Sean Tan Yang Wei

This article conducts a brief exploration into how business owners or company directors can navigate through the winding-up process, after being served being served with a winding-up notice or a winding-up petition.[Read more...]

5 Common Clauses required in your Shareholder Agreement

5 Common Clauses required in your Shareholder Agreement

by Jason Yong Kok Yew

This article shares about the five (5) common clauses required in your shareholder agreement. Especially relevant to company directors and shareholders.[Read more...]

When can a Liquidator get paid?

When can a Liquidator get paid?

by Mavinthra Jothy Thillainathan

The function of a liquidator is to realise the assets of a company. The creditors, who hope to recover some of their debts out of the assets, therefore have a direct interest in the level of costs, and in particular the remuneration of the liquidator, if one is appointed.[Read more...]