Share Buyouts (applicability of Discounts)

In what the Court of Appeal described as a “unique” case, the apex court considered and clarified issues in relation to the court’s jurisdictional basis for exercising its power under section 216(2) of the Companies Act (Cap.50), the nuances of buyout orders made and the applicability of discounts when valuing a party’s shareholding for the purpose of a buyout. In particular, the Court of Appeal examines the issue of discounts for (a) lack of control (or minority discount) and (b) lack of marketability. In this article, our Joint Managing Director Mr Mark Lee looks deeper into the Court of Appeal’s written judgment in Liew Kit Fah v Koh Keng Chew [2020] 1 SLR 275.

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Mark Lee


Filed under: Corporate Disputes
Mark Lee

Mark Lee

Mark co-founded WMH Law Corporation and is the Joint Managing Director of the firm. Having formerly practiced respectively at Singapore’s oldest Asian boutique legal firm and at one of the Big Four law firms in Singapore, Mark’s extensive practice spans a broad spectrum of subject matters and diverse areas of the law.

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