Shocking Truths About These Singapore Banks...WATCH THIS VIDEO Before You INVEST In Any Bank or Payment Gateway...It is a Devil's Playground...SAFE??? As SAFE As HELL.
سنغافورة تستثمر
Friday, June 5, 2009
Thursday, December 25, 2008
Sue eNETS Pte Ltd & Chainfusion Ltd
WHY SUE ENETS-BUYBUTTONZ aka eNETS Pte Ltd & Chainfusion Ltd?
Duty of directors - eNETS Pte Ltd & Chainfusion Ltd FAILED!
The directors are required to exercise due care in the exercise of their duties. If they fail to do so, they can be made personally liable for the loss. Their personal assets can be seized to pay the judgment sums. If they are unable to satisfy the judgment, they can be subjected to bankruptcy proceedings.
The directors are jointly and severally liable.
Other directors sitting on board can be sued together because of the wrongful acts of one director.
The litigation process can last for many years and can be very costly. This is stressful to the directors. The duties placed upon the directors are ever-changing and increasing.
What are the wrongful acts?
Wrongful acts are broadly defined as actual or alleged breach of duty, breach of trust, neglect, error, misstatement, misleading statement, omission, breach of warranty of authority or other wrongful acts committed by the directors or officers in their respective capacities in managing the company.
Who may sue the directors and officers, and why should they sue?
* Shareholders - drop in share price as a result of min-management or mis-statement
* Employees - wrongful termination, breach of employment contract
* Regulators - dishonesty, fraud and environmental liabilities
* Creditors - debt collection
* Customers / Suppliers - contract disputes as a result of mis-statement
* Competitors - copyright and/or patent infringement
* Others such as receivers, liquidators and professional consultants
Duty of directors - eNETS Pte Ltd & Chainfusion Ltd FAILED!
The directors are required to exercise due care in the exercise of their duties. If they fail to do so, they can be made personally liable for the loss. Their personal assets can be seized to pay the judgment sums. If they are unable to satisfy the judgment, they can be subjected to bankruptcy proceedings.
The directors are jointly and severally liable.
Other directors sitting on board can be sued together because of the wrongful acts of one director.
The litigation process can last for many years and can be very costly. This is stressful to the directors. The duties placed upon the directors are ever-changing and increasing.
What are the wrongful acts?
Wrongful acts are broadly defined as actual or alleged breach of duty, breach of trust, neglect, error, misstatement, misleading statement, omission, breach of warranty of authority or other wrongful acts committed by the directors or officers in their respective capacities in managing the company.
Who may sue the directors and officers, and why should they sue?
* Shareholders - drop in share price as a result of min-management or mis-statement
* Employees - wrongful termination, breach of employment contract
* Regulators - dishonesty, fraud and environmental liabilities
* Creditors - debt collection
* Customers / Suppliers - contract disputes as a result of mis-statement
* Competitors - copyright and/or patent infringement
* Others such as receivers, liquidators and professional consultants
Subscribe to:
Posts (Atom)
Posts
