I have been trying out prezi ever since I saw a presenter use it last week at a conference. Took me quite a while but managed to do up my slides on the talk for today.
The talk is entitled ‘Shareholder WMDs: Winding up, Minority Oppression and Derivative Action.’
It is taking place at the Bar Council Auditorium today at 2.30pm. The flyer is here.
P.S. Getting prezi to embed to WordPress was a bit of a pain. Luckily came across this step-by-step guide.
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Mr Lee,
Thanks for the great talk with interesting live examples. Really appreciate it. You invited us to submit questions so here goes :
As directors are not supposed to fund litigation defence using company funds (to oppose the Petition), how would you go about telling/warning them not to do so ? By mere notice – which they will surely ignore.
regards
Lam
Hi Lam,
Glad you enjoyed the talk and that you found it useful.
For the example you posed, notice can be given through a solicitors’ letter or raised through affidavit as well if litigation is underway. If they do ignore the demand to cease using company funds, an injunction can be filed to restrain the use of such funds. This was done in the Court of Appeal case in Dato’ Tan Toh Hua for instance.
Cheers Mr Lee. Hope we get the opportunity to hear from you more often. Lucid presentation.
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