01 Apr 2021

High court issues largest award for fraudulent trading in Singapore

Partner Mark Cheng, together with Senior Partner Lee Eng Beng SC; Partners Sim Kwan Kiat, Chew Xiang; Senior Associate Priscilla Soh; and Associate Darren Lim from Rajah & Tann Singapore successfully represented the plaintiffs in the High Court which issued the largest award for fraudulent trading in Singapore so far, holding a company director liable for substantially all the debts of the company in the sum of US$65.2 million. The Court also found the director to be liable for breaches of fiduciary duties.