Directors’ duties owed to creditors: Clarity from the Singapore Court of Appeal in Foo Kian Beng v OP3 International Pte Ltd (in liquidation) [2024] SGCA 10 | United States | Global law firm

Liquidation

When does a director first come under a duty to consider the interests of creditors (Creditor Duty)? How should the Creditor Duty be weighed up in a director’s decision on whether to authorise the repayment of shareholder loans and to declare dividends? In the very recent decision of Foo Kian Beng v OP3 International Pte…

Boss of company that ‘plagued’ households with cold calls banned

Liquidation

The boss of a Sussex-based home improvement company which ‘plagued’ households with cold calls and masqueraded as Citizens Advice has been banned as a director for four years. Callum Jones, 39, of Oban Road in St Leonards, was the sole director of Colourcoat Ltd, which specialised in roof cleaning, wall coating and insulation services. Colourcoat made 969,273 unsolicited marketing…

R3 responds to January 2025 insolvency statistics

Liquidation

Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, says: “The monthly and yearly rise in corporate insolvencies…