News & Publications

Share Buyouts (applicability of Discounts)

In what the Court of Appeal described as a “unique” case, the apex court considered and clarified issues in relation to the court’s jurisdictional basis for exercising its power under section 216(2) of the Companies Act (Cap.50), the nuances of buyout orders made and the applicability of discounts when valuing a party’s shareholding for the purpose of a buyout. In particular, the Court of Appeal examines the issue of discounts for (a) lack of control (or minority discount) and (b) lack of marketability. In this article, our Joint Managing Director Mr Mark Lee looks deeper into the Court of Appeal’s written judgment in Liew Kit Fah v Koh Keng Chew [2020] 1 SLR 275.

For enquiries, you may contact our directors below:-

Mark Lee

Email: mark.lee@wmhlaw.com.sg

Sarah Yeo

Email: sarah.yeo@wmhlaw.com.sg

For full article, please download the PDF below.

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Our directors, Mr Mark Lee and Ms Sarah Yeo recently spoke at The Legal 500’s Webinar Series on the topic of “Minority Shareholders’ Remedies in Singapore: Oppression defined, Reliefs and Valuation” Mr Mark Lee and Ms Sarah Yeo are both from WMH Law Corporation’s “boardroomᵂᴹᴴ⁺” platform which spearheads the WMH Law Corporation’s boardroom, shareholder and […]

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Success before the Appellate Division

Our team at WMH successfully defended against an appeal heard in the Appellate Division (presided by the Honourable Woo Bih Li JAD, Honourable Debbie Ong JAD and Honourable See Kee Oon JAD) At the appellate stage, the appeal focused specifically on the alleged existence of a cross share sale agreement between that of the shareholding […]

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