Date Published: 15 July 2016
CNPLaw LLP (“CNP”), formerly known as Colin Ng & Partners LLP, advised British and Malayan Trustees Limited, in relation to a consent solicitation exercise by Otto Marine Services Pte Ltd, in connection with the S$70 million 7 % fixed rate notes due in 2016, which was part of a S$500,000,000 multicurrency medium-term note programme guaranteed by Otto Marine Limited.
Every business involves an amalgam of various stakeholders, such as investors, shareholders and directors. Ideally, each of these stakeholders should have a common vision of what is best for the company. However, this is rarely the case when individual interests are factored into the equation.
Stakeholder conflicts (regarding issues such as breaches of fiduciary duties, derivative actions, shareholder oppression, management deadlocks, management compensation, dividend payments and buy-outs) can be a thorny issue and can leave a company crippled if not addressed promptly.
Given the diversity of interests at play, we appreciate that a multi-faceted approach is usually the most cost-efficient method of resolving stakeholder conflicts. Therefore, we provide clients with ready access to an integrated team of lawyers (combining the experience of our corporate, dispute resolution and employment law practices where applicable) who will effectively engage the relevant stakeholders in discussions on how best to resolve their differences amicably.
More often than not, clients are able to avoid costly protracted court proceedings and resolve stakeholder conflicts with discretion and expediency.