Publication Type

Journal Article

Publication Date

1-2014

Abstract

Can a company recover the value of the bribe from a director who has paid the bribe, on behalf of the company, to a third party to secure certain benefits for the company, and where it is not alleged that the director had personally benefitted from the bribe? This question raises several complex issues relating to directors’ standard of care, corporate authorisation and corporate illegality, which were considered by the recent decision of the Singapore Court of Appeal in Ho Kang Peng v Scintronix Corp (formerly known as TTL Holdings).

Keywords

Company law, bribe, directors' duties, illegality, authorisation

Discipline

Business Organizations Law

Research Areas

Commercial Law

Publication

Lloyd's Maritime and Commercial Law Quarterly

Volume

2014

Issue

4

First Page

477

Last Page

481

ISSN

0306-2945

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