Thursday, May 28, 2009

Directors' right to inspect accounts - new case

A new case on the right of a company director to inspect company accounts under section 199 of the Companies Act is

Singapore Flyer Pte Ltd v Purcell Peter Francis [2009] SGHC 120
.

The decision of an Assistant Registrar of the High Court is to be found at
http://www.singaporelawwatch.sg/remweb/legal/ln2/rss/judgment
62085.html?utm_source=web%20subscription&utm_medium=web&title=Singapore%20Flyer%20Pte%20Ltd%20v%20Purcell%20Peter%20Francis%20[2009]%20SGHC%20120.
(or at the Supreme Court website - www.supcourt.gov.sg)

Note that the report is normally available for about 3 months and it only relates to a striking out application.

The case is part of a continuing battle between various shareholder factions within the company which operates Singapore tourist attraction the Singapore Flyer.

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