Bondholder Rights and the Section 216 Oppression Remedy
24 Pages Posted: 10 Feb 2012
Date Written: December 31, 2011
Abstract
Notwithstanding that s. 216 of the Singapore Companies Act, on a literal construction, extends the oppression remedy to debentureholders of a company, there have to date been no reported cases in Singapore involving any attempted use of the oppression remedy by debenture holders. This article first explores the origins of the references to ‘debentureholders’ in s. 216. This article then proceeds to examine the scope of the s. 216 remedy in a debentureholder context, and concludes by discussing a number of principles upon which a fairness analysis in a debentureholder context may be undertaken.
Suggested Citation: Suggested Citation
Chi-Ling, Seah, Bondholder Rights and the Section 216 Oppression Remedy (December 31, 2011). Singapore Journal of Legal Studies, pp. 432-455, December 2011, Available at SSRN: https://ssrn.com/abstract=2002615
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