A webinar was recently hosted by the Singapore Business Federation on 5 June 2020. Mr Jimmy Yap and other expert speakers from Indonesia (Jakarta) and Singapore shared an overview and outlook of the Indonesia economy due to the COVID-19 crisis. This session provided Singapore businesses with key insights on a post COVID-19 Indonesia’s economy, opportunities and trends that Singapore companies should know when embarking into the new normal Indonesia market.
Image was taken from the Singapore Business Federation events page
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.