This tea-time presentation will explore the myriad of fiduciary duties owed by directors against the backdrop of a recession and map out the answer to the all important question directors must ask themselves, what are the duties owed to creditors? Are there any duties? How can I, as a director forward the business of the company or group in a declining market and concurrently protect myself against liability? In order to answer these pressing issues, this seminar brings together the expertise of both lawyers and accountants.

Ajinderpal Singh, partner of Rodyk & Davidson LLP, will provide the legal analysis to these issues and will focus on recent Singapore court decisions in this area. Willy Leow, head of risk advisory services of BDO Raffles Consultants Pte Ltd, will give the accountants input and will focus on the steps directors should take to put their house in order, proper systems to guard against corporate fraud and will highlight lessons to learn from high profile corporate fraud scandal.

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