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Singapore’s Contribution to the Development of Minority Shareholder Law

Date & Time: Monday, 7 April 2025, 4.00pm - 5.30pm
Venue: Allen & Gledhill Auditorium, One Marina Boulevard, Level 30, Singapore 018989

This seminar will explore the contribution which judgments of Singapore courts have made to the development of the law, both in Singapore and in the common law world, in three key areas of minority shareholder rights law: minority oppression, derivative claims and the reflective loss principle. It will consider how recent Singapore judgments, including in the Thio Syn Pyn v Thio Syn Kym and Kiri Industries Ltd v Senda International Capital Ltd litigation, have pushed forward the law on minority oppression, in particular concerning the basis on which minority shareholdings should be valued when a buy-out order is made. It will consider the impact of Petroships Investment Pty Ltd v Wealthplus Pte Ltd [2016] 2 SLR 1022 on the question whether derivative claims should be available where the company is in liquidation, and will assess the impact of the judgments of the Singapore Court of Appeal in Townsing v Jenton Overseas Investment [2007] 2 SLR(R) 597 and Miao Weiguo v Tendcare Medical Group Holdings [2022] 1 SLR 884 on the development of the reflective loss principle. It will also suggest how Singapore courts can provide a distinctive contribution in the future, especially where English and Hong Kong case law have developed in different ways.

Bulk Discount: Register 3 or more participants to receive a $20 discount (before GST) per registration.

For bulk registrations, please email [email protected]

*To access the member price, please sign in with your SAL membership account.

Member's Price: SGD 76.30

Usual Price: SGD 98.10

Member's Price: SGD 76.30

Usual Price: SGD 98.10

CPD Points : 1

Civil practice

Law of Singapore

Overview

Event Programme

Time	Activity
3.30pm - 4.00pm	Registration
4.00pm - 5.00pm	Presentation by Mr Daniel Lightman KC, Serle Court
5.00pm - 5.15pm	Q&A moderated by Mr Dinesh Dhillon, Partner, Allen & Gledhill LLP
5.15pm onwards	Networking Reception

Speakers

Mr Daniel Lightman KC

Serle Court

As part of a broad Chancery-Commercial practice, Daniel Lightman KC often engages with challenging and novel issues of law and civil procedure, in particular concerning shareholder disputes, company law (including in matrimonial proceedings), insolvency, civil fraud, breach of fiduciary duty and professional negligence.

Shortlisted for Company/Insolvency Silk of the Year in the Chambers and Partners UK Bar Awards 2024, Daniel is recommended in Band 1 for Silks for Company by Chambers UK, 2025, which says "Daniel is, and always has been, a great strategist, whose advocacy is focused and persuasive. Perhaps most significantly, judges respect him and defer to his company law knowledge". He has appeared in many leading and cutting-edge company law and minority shareholder cases, including Re Contingent and Future Technologies Ltd [2024] BCC 223; In re BHS Group Ltd (in liquidation) [2024] 1 BCLC 71; Re Klimvest plc [2023] 1 BCLC 388; Taylor Goodchild Ltd v Taylor [2022] 2 BCLC 27; Re Dinglis Properties Ltd [2021] 1 All ER 685; Re G&G Properties Ltd [2020] Bus LR 762; Re Edwardian Group Ltd, Estera Trust (Jersey) Ltd v Singh [2019] 1 BCLC 171; HRH Prince Abdulaziz Bin Mishal Bin Abdulaziz Al Saud v Apex Global Management Ltd [2015] 2 All ER 206; and Petrodel Resources v Prest [2013] 2 AC 415.

He is a co-author of two leading practitioner text books, contributing two chapters (on derivative claims and unfair prejudice petitions) to Joffe et al., Minority Shareholders: Law, Practice & Procedure (OUP, 7th Ed, 2024) and chapters 12 (duties & liabilities of administrators), 13 (duties & liabilities of receivers) & 29 (court receivers appointed by the court) to Lightman & Moss, The Law of Receivers and Administrators of Companies (7th Ed forthcoming, 2025).

Mr Dinesh Dhillon

Partner

Allen & Gledhill LLP

Dinesh is the Co-Head of the Firm’s International Arbitration Practice. He practises international arbitration and litigation. Dinesh is qualified in Singapore and the United Kingdom. He is a Barrister (Middle Temple) with a practicing certificate issued by the Bar Standards Board with rights of full audience (England and Wales).

Dinesh has represented multinational companies in cases before the Singapore International Commercial Court (SICC), Singapore High Court and Court of Appeal relating to banking, corporate, employment, entertainment, insurance, property and shareholder disputes. He has also acted for statutory boards in judicial review cases.

Dinesh is recommended for his expertise in international arbitration and commercial litigation in leading publications, such as Chambers Global, The Legal 500 Asia Pacific and Lexology Index where he has been described as “one of the best in Singapore”, “outstanding”, a “well respected litigator” and “strong on strategy and case management”. Who’s Who Legal (WWL): Arbitration 2020 published in association with Global Arbitration Review says Dinesh is regarded as “excellent, smart, easy to work with and a great orator”. WWL: Arbitration 2021 says “Dinesh is an excellent counsel – a very safe pair of hands” who is “brilliant, very articulate and understands tribunals and judiciary”. “He has a deep knowledge of the law” and “provides practical and solution-based advice and has excellent court presentation skills”.

Dinesh is the Chairman of Pro Bono SG, Co-Chair of the Asia Pacific Regional Forum of the International Bar Association, Immediate Past President of The Singapore Institute of Arbitrators, Co-Chair of the Legal & IPR Committee of The American Chamber of Commerce in Singapore (AmCham).

Other Information

SILE Accredited CPD Activity
Number of Public CPD points: 1
Practice Area: Corporate / Commercial
Training Level: General

SILE Attendance Policy

Participants who wish to obtain CPD Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes signing in on arrival and signing out at the conclusion of the activity in the manner required by the organiser, and not being absent from the entire activity for more than 15 minutes. Participants who do not comply with the Attendance Policy will not be able to obtain CPD Points for attending the activity. Please refer to http://www.sileCPDcentre.sg for more information.

For enquiries related to this event, please email [email protected].

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