Court orders hotelier Allen Law to pay S$29 million to Park Hotel liquidators
Together with his companies, he is jointly and severally liable to pay another S$4.29 million
[SINGAPORE] Businessman and hotelier Allen Law has been ordered by the High Court to pay S$29 million for having breached his fiduciary duties owed to his company, Park Hotel Management Ltd (PHMPL), which is now in liquidation.
Together with companies under his control, Law is jointly and severally liable for another S$4.29 million, a court judgement released on Thursday (Oct 16) indicated.
Justice Hri Kumar Nair said: “Law’s conduct, including the conduct of his defence, went well beyond what is acceptable within the bounds of adversarial litigation. It was dishonest, abusive and improper.”
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