Weiming Tan (National University of Singapore – Faculty of Law) recently published, Directors, Concurrent Fiduciary Duties, and Ad Hoc Fiduciary Relationships, 2024. Provided below is an abstract: In Tan Teck Kee v Ratan Kumar Rai, the Singapore Court of Appeal…
On 31 August 2023 the Supreme Court of Maryland held (overruling a previous decision) that there is no distinction between the ‘managerial’ and ‘non-managerial’ duties of directors of a Maryland corporation and said that the “sole source of the duties of the director is found in section 2-401.1 of the Maryland General Corporation Law (MGCL) which places the powers of the corporation in the hands of the directors.
The case involved a preliminary dispute regarding the framing of the causes of action … Read the rest