Hearing for court case between CDL’s Kwek Leng Beng and son Sherman expected to take place after AGM
A HEARING for the court battle between City Developments Ltd (CDL) executive chairman Kwek Leng Beng and his son, CDL group chief executive officer Sherman Kwek is expected to take place after CDL’s annual general meeting (AGM).
The AGM will be held on April 23. No date has been confirmed for the court hearing.
This comes after a case conference was held in the High Court on Tuesday (Mar 4).
The elder Kwek had sought an injunction in his suit filed in the High Court on Feb 25 against the two new directors, Jennifer Duong Young and Wong Su-Yen, to prevent them from exercising the powers of a director.
He also sought to overturn resolutions passed by the CDL board on Feb 21 concerning long-term adviser Dr Catherine Wu.
These resolutions were to terminate the advisory agreement that Dr Wu has with CDL unit Millennium & Copthorne Hotels (M&C), and to affirm that she had no power and authority over the directors, management and staff of both CDL and M&C.
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Kwek Leng Beng, CDL and directors Philip Yeo, Colin Ong and Chong Yoon Chou are the applicants in the case. They are represented by lawyers from LVM Law Chambers, a firm led by Senior Counsel Lok Vi Ming.
The defendants are Sherman Kwek, Wong Su-Yen, Young, Carol Fong (also known as Carolina Chan), Daniel Desbaillets, Wong Ai Ai and Philip Lee Jee Cheng.
Sherman Kwek has roped in Senior Counsel Davinder Singh and his law firm Davinder Singh Chambers to represent him as he faces his billionaire father in Singapore’s biggest boardroom battle in recent years.
Singh will also represent the six other CDL board members.
The defendants are also represented by a Lee & Lee team led by Julian Tay.
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