Judicial Managers considering to take Goh Jin Hian, son of Goh Chok Tong....
#11
16-9-2020 11:05 PM
Goodboy said:
Deloitte & Touche JMs believe IPP has a viable claim against Dr Goh Jin Hian for breaches of his director’s duties to act with skill, care and diligence which he owned to IPP, states court document.

https://www.manifoldtimes.com/news/judic...m-to-court
It should be "which he owed to..."

The standard of English is really..........................and this is not written by school dropouts but supposedly professionals! 245
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#12
17-9-2020 8:40 AM
dynamite said:
What did he do?

The JM is clutching at straws.

As far as the news goes, they are trying to build a case about him not discharging his fiduciary duties as a director. It's too broad.

It would be like Ah Beng getting into fights, killing someone in Orchard Tower with a karambit knife, and the authorities hauling his parents to court for not discharging their duties of bringing children up to become good citizens. Laughing

Companies are placed under Judicial Management when they are unable to pay their creditors on time. Most of the time, such a step is initiated by the biggest lenders, which are banks, and which are known to be merciless and ruthless.

But it does not mean that if a company is placed under judicial management the director(s) did not do his job. First off, we know that Singapore like everywhere else in the world is facing a depression, most businesses are in limbo, world trade and commerce are at a standstill, money is not circulating as projected in the Budget, and on and on. In such times, companies are faced with whirlwinds they didn't expect, and if there is a director who has the magic bullet, I am sure both Xi and Trump would like to meet him. Laughing
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#13
17-9-2020 9:01 AM
Yanghua said:
The JM is clutching at straws.

As far as the news goes, they are trying to build a case about him not discharging his fiduciary duties as a director. It's too broad.

It would be like Ah Beng getting into fights, killing someone in Orchard Tower with a karambit knife, and the authorities hauling his parents to court for not discharging their duties of upbringing children to be good citizens. Laughing

Companies are place under Judicial Management when they are unable to pay their creditors on time. Most of the time, such a step is initiated by the biggest lenders, which are banks, and which are known to be merciless and ruthless.

But it does not mean that if a company is placed under judicial management, it means that the director(s) did not do his job. First off, we know that Singapore like everywhere else in the world is facing a depression, most businesses are in limbo, world trade and commerce are at a standstill, money is not circulating as projected in the Budget, and on and on. In such times, companies are faced with whirlwinds they didn't expect, and if there is a director who has the magic bullet, I am sure both Xi and Trump would like to meet him. Laughing

Dun think they can do anything to him.

It us like trying to sue sleeping directors. Sleeping how to be liable for anything.
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#14
Give his brother a taste of his own medicine
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#15
17-9-2020 9:02 AM
dynamite said:
Dun think they can do anything to him.

It us like trying to sue sleeping directors. Sleeping how to be liable for anything.

As a director of a company , whether you are active or sleeping director , you are still held liable as you are receiving director's fee from the company. IMHO.
Tomorrow will be better than Today
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#16
Lau goh never discipline his children when growing up.

Now run havoc like his wifey.

Or he himself is like that?
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#17
17-9-2020 9:38 AM
Surfer said:
As a director of a company , whether you are active or sleeping director , you are still held liable as you are receiving director's fee from the company. IMHO.

That is just my guess. Based on the shocking numbers of sleeping partnerships many MPs are holding.
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#18
Foreigners travelling for business or study from the southern Chinese city of Guangzhou, as well as Seoul, Tokyo and Taipei are included, with flights to and from Cambodia’s Phnom Penh and Laos’ Vientiane resuming next week.

https://www.scmp.com/week-asia/economics...travellers

we still got struck in the cook house.
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#19
17-9-2020 6:48 AM
Tan Yew Kimm said:
Same face as his father,, hope got the same fate as well, if not jiat lat.. another famous guy to Lose face after Liew ML.

History repeated.

All these princelings deserve punishment for being frontmen.

In 80's during PanEl debacle, son of minister got wrapped up in shares failure but was spared 'punishment'.

Currently we witness 3 cases of brush with law. These serves to warn children of ministers n those in power to navigate carefully as no one can be above the law.

Their foolishness will not be tolerated by society. Always remember python can swallow an elephant but once ingested, it will not be able to move to get away.
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