Laguna note holders to raise funds for legal case against Peter Kwee, Laguna
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SOME pioneer members of Laguna National who hold 30-year-old debentures and are owed money from them, may mount a legal case against club owner Peter Kwee and the club.
On Wednesday, corporate figure Lim How Teck, who is chairman of a pro-tem committee comprising debenture holders, told BT that the committee had appointed Senior Counsel Tan Chee Meng from WongPartnership.
It will subsequently be raising funds to bring a case against Mr Kwee and the club. It is also in talks with advisory firm KordaMentha to appoint prospective liquidators.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
