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Ann: Singapore Legal Update, page-12

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21/11/18

11:55

Post #: 36585455
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Originally posted by agentm ↑

DYOR and you would be aware of the bankruptcy act in singapore

its the fiduciary duty of the directors to act on the damages case and recover or settle the matter with the respondents, if this did not happen then they could be deemed liable for the loss to the company shareholders for the loss by not acting. so a caveat over the property is completely prudent as part of an ongoing process they are duty bound to follow

advice from a legal firm online "the trustee can and will sell the asset if enough value exists after paying off the non-filing spouse and the exemption(s). Lawyers and experts alike relate that this will happen. Expect it to happen"

bankruptcy is the only process available to pursue the respondent that is not already in bankruptcy

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how about some clarity on this statement in the quarterly "XST has reached a confidential agreement with Chloe and she has agreed to withdraw her challenge to the Australia and S ingapore judgement" what does this even mean how can the market and shareholders not be informed more on what this .

XST Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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