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Latest Forum Topics / Best World  Post Reply
THE BEST IS YET TO BE
beng1102
Elite
14-Feb-2022 14:56     
 
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 Alert Admin 		Deadline  extended.  I basically ignore.  I think response is not great.

Richardlai      ( Date: 09-Feb-2022 15:26) Posted:

Deadline for acceptance is drawing near. I know they short change the shareholders but then not much choice as SGX is partly to blame together with the Mgt. Minority shareholders to lose ....
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Richardlai
Master
09-Feb-2022 15:26     
 
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 Alert Admin 		Deadline for acceptance is drawing near. I know they short change the shareholders but then not much choice as SGX is partly to blame together with the Mgt. Minority shareholders to lose ....
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JarBinx
Member
08-Feb-2022 13:07     
 
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 Alert Admin 		Can CFD holders close their positions with the share buy back offer?
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phongy45
Senior
07-Feb-2022 20:30     
 
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 Alert Admin 		not Indian or american?

john_ric      ( Date: 03-Feb-2022 13:35) Posted:

related to chinese firm. good luck.
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john_ric
Supreme
03-Feb-2022 13:35     
 
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 Alert Admin 		related to chinese firm. good luck.
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Richardlai
Master
03-Feb-2022 10:06     
 
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 Alert Admin 		Thanks. Oh I have yet to receive mine ! 

GGTTAANN      ( Date: 03-Feb-2022 09:48) Posted:

document received , to reply by 14/2/22 5.30 pm 

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GGTTAANN
Senior
03-Feb-2022 09:48     
 
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 Alert Admin 		document received , to reply by 14/2/22 5.30 pm 
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Richardlai
Master
03-Feb-2022 09:32     
 
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 Alert Admin 		Has anyone signed the Share  Buy Back offer letter yet ? I am not sure they have posted it out.
There is a draft of the offer documents on the website.
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uiop1223
Supreme
28-Jan-2022 17:47     
 
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 Alert Admin 		Stuck. But may not worth $200k 😎

TA_Expert      ( Date: 24-Jan-2022 12:46) Posted:

Another china company sinking with many sinkies hard earned money.

I know of someone who is stuck with more than $200K on BW.
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Richardlai
Master
28-Jan-2022 15:39     
 
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 Alert Admin 		Has anyone received the letter of offer from the Company on the share buy back yet ? I have not got any so far.
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TA_Expert
Supreme
24-Jan-2022 12:46     
 
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 Alert Admin 		Another china company sinking with many sinkies hard earned money.

I know of someone who is stuck with more than $200K on BW.
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phongy45
Senior
24-Jan-2022 11:44     
 
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 Alert Admin 		your wishes come true!!

uiop1223      ( Date: 23-Jan-2022 21:05) Posted:

Well done 😎

softdrink      ( Date: 22-Jan-2022 15:49) Posted:

Why empathize?
I think should be the other way round that we short sellers and those who had lend out their shares should empathize  you instead!
I had short BW. Through SBL, CFD and naked shorts.
Upon the day when it was suspended, my naked shorts are being instructed by SGX to cover by the positions by off market purchase. All naked short holders had covered their short positions on that week of suspension. The episode had been closed long long long time ago. Need not empathize for naked short traders.
I was being fined for that. However, there is still a decent profit from the trade.
For CFD short positions, the interest is too low to even mention. Narturally, I had made quite a decent profit out of it.
For SBL short positions, I had paid  close to $70k  of interest since suspension till date. However, now that I had managed to close off the position, I had stopped all the interest.
Having said that, I am still making a profit out of this trade. I have to admit that the interest took up some of my profit but I am still happy with the profit made. (FYI, it is only about 30% of the profit)

For those SBL lenders, I had paid so much interest (close to $70k)  to them while suspension. It is like 15%-20% dividend annually paid by short sellers like us!  At least they did receive some forms of cash  back.  Did you receive any kinds of interest payment or dividend thoughout this suspension period?
Further to that, they can off load all their shares now. Need not worry about how long more this is going to drag.
Now, tell me, who should be the one who deserve to be empathize?
You better pray hard that during the time of suspension, the company does not goes wrong and better continue with thier amazing accounting numbers! If not, your future generations would call you a fool for it! Could have used the money for better investments and given them more instead of all these rubbish
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uiop1223
Supreme
23-Jan-2022 21:05     
 
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 Alert Admin 		Well done 😎

softdrink      ( Date: 22-Jan-2022 15:49) Posted:

Why empathize?
I think should be the other way round that we short sellers and those who had lend out their shares should empathize  you instead!
I had short BW. Through SBL, CFD and naked shorts.
Upon the day when it was suspended, my naked shorts are being instructed by SGX to cover by the positions by off market purchase. All naked short holders had covered their short positions on that week of suspension. The episode had been closed long long long time ago. Need not empathize for naked short traders.
I was being fined for that. However, there is still a decent profit from the trade.
For CFD short positions, the interest is too low to even mention. Narturally, I had made quite a decent profit out of it.
For SBL short positions, I had paid  close to $70k  of interest since suspension till date. However, now that I had managed to close off the position, I had stopped all the interest.
Having said that, I am still making a profit out of this trade. I have to admit that the interest took up some of my profit but I am still happy with the profit made. (FYI, it is only about 30% of the profit)

For those SBL lenders, I had paid so much interest (close to $70k)  to them while suspension. It is like 15%-20% dividend annually paid by short sellers like us!  At least they did receive some forms of cash  back.  Did you receive any kinds of interest payment or dividend thoughout this suspension period?
Further to that, they can off load all their shares now. Need not worry about how long more this is going to drag.
Now, tell me, who should be the one who deserve to be empathize?
You better pray hard that during the time of suspension, the company does not goes wrong and better continue with thier amazing accounting numbers! If not, your future generations would call you a fool for it! Could have used the money for better investments and given them more instead of all these rubbish!

kcs1107      ( Date: 21-Jan-2022 12:54) Posted:

There is no if or but !!!.China is going to surpass USA and the world and become top econamy in the forseeable time .The east is rising, the west is declining&rdquo , according to the narrative propagated by the Chinese Communist party (CCP). Many outside China
take its &ldquo inevitable rise&rdquo as read. On the way to becoming a &ldquo modern socialist country&rdquo by 2030, and rich, powerful, and dominant by 2045, the centenary of the People&rsquo s Republic, China wants to claim bragging rights as its GDP surpasses the United States,
and project its power based on its expanding economic heft.

Like i said before, i do not need the CASH .i can leave this holding for future generation.I only empathize naked short seller and those that lend their securities for shorting purpose!!
 
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TA_Expert
Supreme
23-Jan-2022 00:46     
 
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Yells: "The World has changed"
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 Alert Admin 		Well said. It is a fair market.

Shortists took the risks too, and they are rewarded when they are right.

softdrink      ( Date: 22-Jan-2022 15:49) Posted:

Why empathize?
I think should be the other way round that we short sellers and those who had lend out their shares should empathize  you instead!
I had short BW. Through SBL, CFD and naked shorts.
Upon the day when it was suspended, my naked shorts are being instructed by SGX to cover by the positions by off market purchase. All naked short holders had covered their short positions on that week of suspension. The episode had been closed long long long time ago. Need not empathize for naked short traders.
I was being fined for that. However, there is still a decent profit from the trade.
For CFD short positions, the interest is too low to even mention. Narturally, I had made quite a decent profit out of it.
For SBL short positions, I had paid  close to $70k  of interest since suspension till date. However, now that I had managed to close off the position, I had stopped all the interest.
Having said that, I am still making a profit out of this trade. I have to admit that the interest took up some of my profit but I am still happy with the profit made. (FYI, it is only about 30% of the profit)

For those SBL lenders, I had paid so much interest (close to $70k)  to them while suspension. It is like 15%-20% dividend annually paid by short sellers like us!  At least they did receive some forms of cash  back.  Did you receive any kinds of interest payment or dividend thoughout this suspension period?
Further to that, they can off load all their shares now. Need not worry about how long more this is going to drag.
Now, tell me, who should be the one who deserve to be empathize?
You better pray hard that during the time of suspension, the company does not goes wrong and better continue with thier amazing accounting numbers! If not, your future generations would call you a fool for it! Could have used the money for better investments and given them more instead of all these rubbish!

kcs1107      ( Date: 21-Jan-2022 12:54) Posted:

There is no if or but !!!.China is going to surpass USA and the world and become top econamy in the forseeable time .The east is rising, the west is declining&rdquo , according to the narrative propagated by the Chinese Communist party (CCP). Many outside China
take its &ldquo inevitable rise&rdquo as read. On the way to becoming a &ldquo modern socialist country&rdquo by 2030, and rich, powerful, and dominant by 2045, the centenary of the People&rsquo s Republic, China wants to claim bragging rights as its GDP surpasses the United States,
and project its power based on its expanding economic heft.

Like i said before, i do not need the CASH .i can leave this holding for future generation.I only empathize naked short seller and those that lend their securities for shorting purpose!!
 
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softdrink
Member
22-Jan-2022 15:49     
 
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 Alert Admin 		Why empathize?
I think should be the other way round that we short sellers and those who had lend out their shares should empathize  you instead!
I had short BW. Through SBL, CFD and naked shorts.
Upon the day when it was suspended, my naked shorts are being instructed by SGX to cover by the positions by off market purchase. All naked short holders had covered their short positions on that week of suspension. The episode had been closed long long long time ago. Need not empathize for naked short traders.
I was being fined for that. However, there is still a decent profit from the trade.
For CFD short positions, the interest is too low to even mention. Narturally, I had made quite a decent profit out of it.
For SBL short positions, I had paid  close to $70k  of interest since suspension till date. However, now that I had managed to close off the position, I had stopped all the interest.
Having said that, I am still making a profit out of this trade. I have to admit that the interest took up some of my profit but I am still happy with the profit made. (FYI, it is only about 30% of the profit)

For those SBL lenders, I had paid so much interest (close to $70k)  to them while suspension. It is like 15%-20% dividend annually paid by short sellers like us!  At least they did receive some forms of cash  back.  Did you receive any kinds of interest payment or dividend thoughout this suspension period?
Further to that, they can off load all their shares now. Need not worry about how long more this is going to drag.
Now, tell me, who should be the one who deserve to be empathize?
You better pray hard that during the time of suspension, the company does not goes wrong and better continue with thier amazing accounting numbers! If not, your future generations would call you a fool for it! Could have used the money for better investments and given them more instead of all these rubbish!

kcs1107      ( Date: 21-Jan-2022 12:54) Posted:

There is no if or but !!!.China is going to surpass USA and the world and become top econamy in the forseeable time .The east is rising, the west is declining&rdquo , according to the narrative propagated by the Chinese Communist party (CCP). Many outside China
take its &ldquo inevitable rise&rdquo as read. On the way to becoming a &ldquo modern socialist country&rdquo by 2030, and rich, powerful, and dominant by 2045, the centenary of the People&rsquo s Republic, China wants to claim bragging rights as its GDP surpasses the United States,
and project its power based on its expanding economic heft.

Like i said before, i do not need the CASH .i can leave this holding for future generation.I only empathize naked short seller and those that lend their securities for shorting purpose!!
 

camry8151      ( Date: 21-Jan-2022 12:36) Posted:

Whatever that you' re saying is merely a big " IF" . 

Like I asked earlier, what is your investment strategy and how are you going to execute it by holding to the shares of a suspended counter? 

Otherwise we would be sitting ducks. 
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kcs1107
Member
21-Jan-2022 13:26     
 
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 Alert Admin

The burgeoning Chinese beauty market offers increasingly lucrative opportunities for brands that resonate with Gen-Z and millennial consumers.



Today, China' s beauty industry is booming. According to German market research company Statista, the Chinese beauty and personal care market will be worth more than $56 billion in 2021 and $78 billion by 2025. This places China' s beauty market second in value only to that of the United States, which will be worth an estimated $80 billion in 2021. Within the Asia-Pacific region, China will account for almost 70% of the growth in the regional beauty and personal care market through 2025, according to London-based market research firm Euromonitor International.

" Underpinned by the burgeoning spending power of the country' s middle class, China' s beauty market is extremely dynamic," says Kris Feng, a project manager with China-based market research and consulting firm Daxue Consulting. " With the market characterised by a number of key trends, there are highly lucrative opportunities for all brands&mdash both domestic and Western&mdash that resonate with increasingly discerning Chinese beauty consumer."

" China' s beauty market continues to experience an upsurge in demand due to the country' s steadily growing female population, concentrated international brand exposure, highly brand conscious consumers, rapid urbanisation and mature application of social media and online sales platforms," adds Betty Trieu, a luxury retail strategist and founder of China-focused luxury sales training consultancy Eqwiip. " These trends will continue to play out over the short to medium term."

Demographic drivers



The Chinese beauty market is largely driven by female Gen-Z and millennial consumers. In 2020, for example, women under the age of 40 spent more than RMB 1,000 ($156) per capita on cosmetics, accounting for nearly 70% of the total market. This demographic has become highly knowledgeable about skincare and beauty products, which has led to increasing demand for product variety, innovation, and specialisation.

" The pursuit of individuality and rejection of conformity amongst this demographic is pushing beauty brands to launch more personalised products and employ ever more creative marketing methods," says Feng. " Chinese consumers are paying increasing attention to the way beauty products work, and the ingredients they contain."

" Often Chinese beauty consumers won' t consider making a purchase until they' ve been exposed to a brand a number of times," adds Sandra Weiss, a market researcher working for Shanghai-based RedFern Digital, a full-service digital agency which has assisted a number of foreign brands within China' s beauty sector. " This makes product seeding, word-of-mouth marketing, and a general focus on increasing brand awareness extremely important to brand success."
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kcs1107
Member
21-Jan-2022 12:54     
 
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 Alert Admin 		There is no if or but !!!.China is going to surpass USA and the world and become top econamy in the forseeable time .The east is rising, the west is declining&rdquo , according to the narrative propagated by the Chinese Communist party (CCP). Many outside China
take its &ldquo inevitable rise&rdquo as read. On the way to becoming a &ldquo modern socialist country&rdquo by 2030, and rich, powerful, and dominant by 2045, the centenary of the People&rsquo s Republic, China wants to claim bragging rights as its GDP surpasses the United States,
and project its power based on its expanding economic heft.

Like i said before, i do not need the CASH .i can leave this holding for future generation.I only empathize naked short seller and those that lend their securities for shorting purpose!!
 

camry8151      ( Date: 21-Jan-2022 12:36) Posted:

Whatever that you' re saying is merely a big " IF" . 

Like I asked earlier, what is your investment strategy and how are you going to execute it by holding to the shares of a suspended counter? 

Otherwise we would be sitting ducks. 

kcs1107      ( Date: 21-Jan-2022 12:25) Posted:

Have u ever calculated compunding effect of Best world if it is listed in HK targetting a trillions market since u mentioned it is a growing and profitable ??

Beauty in china market for lady is price less,u find me another company in SGX that is debt free and producing accrued free cash flow year after year

i will bet u with my last dollars,if all the idiots allowed even double of $1.36  = $2.72 for delisting ,immediately Best world will try listing in HK !!

Potentailly the largest in the world if trillions stock fron China get delisting orders from USA  nadsaq and CHINA

U guess the price for BEST world ???potentially at US$5/ dollar i will the last 1 percent there!! it is worth the wait !!
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uiop1223
Supreme
21-Jan-2022 12:39     
 
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 Alert Admin 		Is BW the only company in beauty products? Not forgetting plently of first class copycats in PRC. Want to make money in China? Go back to 1990s.

kcs1107      ( Date: 21-Jan-2022 12:25) Posted:

Have u ever calculated compunding effect of Best world if it is listed in HK targetting a trillions market since u mentioned it is a growing and profitable ??

Beauty in china market for lady is price less,u find me another company in SGX that is debt free and producing accrued free cash flow year after year

i will bet u with my last dollars,if all the idiots allowed even double of $1.36  = $2.72 for delisting ,immediately Best world will try listing in HK !!

Potentailly the largest in the world if trillions stock fron China get delisting orders from USA  nadsaq and CHINA

U guess the price for BEST world ???potentially at US$5/ dollar i will the last 1 percent there!! it is worth the wait !!

camry8151      ( Date: 21-Jan-2022 11:02) Posted:

By avoiding selling a stock at a loss, many investors do not have to admit to themselves that they' ve made a judgment error. Under the false illusion that it is not a loss until the stock is sold, they elect to continue to hold a losing position. In doing so, they avoid the regret of a bad choice. 

Investors will steadfastly hold onto their losing stocks, based only on the faint hope that they will at least return to the purchase price. The decision to hold is not based on rational analysis or a well-thought-out investment strategy,  and, unfortunately, wishing and hoping a stock will go up does not make it happen.

In BW' s case, it' s not a judgment error considering that the Company has continue to grow during suspension. Nonetheless, it' s dead money if the stock is suspended indefinitely and deprived the investors the flexibility to cut loss and move on.

In my personal opinion, the equal access offer is an outlet for people stucked in this stock to retrieve liquidity and fight another day. If i can take back some capital, despite at a loss, and invest in other counters and get 5%, 10% or 20% per year, its still better than staying put in the dead pool. The  opportunity costs of stubbornly holding on to BW shares will increase by the day if we missed this chance to exit.

Ultimately, we have to question ourselves what is our investment strategy by holding on to BW' s shares and are we able to execute the strategy? If we don' t have the answers to the above, then perhaps we are not being rational with our hard earned money but merely acting out of spite. And this spiteful behaviour will harm no one but ourselves.

 
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camry8151
Member
21-Jan-2022 12:36     
 
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 Alert Admin 		Whatever that you' re saying is merely a big " IF" . 

Like I asked earlier, what is your investment strategy and how are you going to execute it by holding to the shares of a suspended counter? 

Otherwise we would be sitting ducks. 

kcs1107      ( Date: 21-Jan-2022 12:25) Posted:

Have u ever calculated compunding effect of Best world if it is listed in HK targetting a trillions market since u mentioned it is a growing and profitable ??

Beauty in china market for lady is price less,u find me another company in SGX that is debt free and producing accrued free cash flow year after year

i will bet u with my last dollars,if all the idiots allowed even double of $1.36  = $2.72 for delisting ,immediately Best world will try listing in HK !!

Potentailly the largest in the world if trillions stock fron China get delisting orders from USA  nadsaq and CHINA

U guess the price for BEST world ???potentially at US$5/ dollar i will the last 1 percent there!! it is worth the wait !!

camry8151      ( Date: 21-Jan-2022 11:02) Posted:

By avoiding selling a stock at a loss, many investors do not have to admit to themselves that they' ve made a judgment error. Under the false illusion that it is not a loss until the stock is sold, they elect to continue to hold a losing position. In doing so, they avoid the regret of a bad choice. 

Investors will steadfastly hold onto their losing stocks, based only on the faint hope that they will at least return to the purchase price. The decision to hold is not based on rational analysis or a well-thought-out investment strategy,  and, unfortunately, wishing and hoping a stock will go up does not make it happen.

In BW' s case, it' s not a judgment error considering that the Company has continue to grow during suspension. Nonetheless, it' s dead money if the stock is suspended indefinitely and deprived the investors the flexibility to cut loss and move on.

In my personal opinion, the equal access offer is an outlet for people stucked in this stock to retrieve liquidity and fight another day. If i can take back some capital, despite at a loss, and invest in other counters and get 5%, 10% or 20% per year, its still better than staying put in the dead pool. The  opportunity costs of stubbornly holding on to BW shares will increase by the day if we missed this chance to exit.

Ultimately, we have to question ourselves what is our investment strategy by holding on to BW' s shares and are we able to execute the strategy? If we don' t have the answers to the above, then perhaps we are not being rational with our hard earned money but merely acting out of spite. And this spiteful behaviour will harm no one but ourselves.

 
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kcs1107
Member
21-Jan-2022 12:25     
 
kcs1107 About Contact  Quote this Post!  
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 Alert Admin 		Have u ever calculated compunding effect of Best world if it is listed in HK targetting a trillions market since u mentioned it is a growing and profitable ??

Beauty in china market for lady is price less,u find me another company in SGX that is debt free and producing accrued free cash flow year after year

i will bet u with my last dollars,if all the idiots allowed even double of $1.36  = $2.72 for delisting ,immediately Best world will try listing in HK !!

Potentailly the largest in the world if trillions stock fron China get delisting orders from USA  nadsaq and CHINA

U guess the price for BEST world ???potentially at US$5/ dollar i will the last 1 percent there!! it is worth the wait !!

camry8151      ( Date: 21-Jan-2022 11:02) Posted:

By avoiding selling a stock at a loss, many investors do not have to admit to themselves that they' ve made a judgment error. Under the false illusion that it is not a loss until the stock is sold, they elect to continue to hold a losing position. In doing so, they avoid the regret of a bad choice. 

Investors will steadfastly hold onto their losing stocks, based only on the faint hope that they will at least return to the purchase price. The decision to hold is not based on rational analysis or a well-thought-out investment strategy,  and, unfortunately, wishing and hoping a stock will go up does not make it happen.

In BW' s case, it' s not a judgment error considering that the Company has continue to grow during suspension. Nonetheless, it' s dead money if the stock is suspended indefinitely and deprived the investors the flexibility to cut loss and move on.

In my personal opinion, the equal access offer is an outlet for people stucked in this stock to retrieve liquidity and fight another day. If i can take back some capital, despite at a loss, and invest in other counters and get 5%, 10% or 20% per year, its still better than staying put in the dead pool. The  opportunity costs of stubbornly holding on to BW shares will increase by the day if we missed this chance to exit.

Ultimately, we have to question ourselves what is our investment strategy by holding on to BW' s shares and are we able to execute the strategy? If we don' t have the answers to the above, then perhaps we are not being rational with our hard earned money but merely acting out of spite. And this spiteful behaviour will harm no one but ourselves.

 

kcs1107      ( Date: 19-Jan-2022 14:28) Posted:


Any individual in a privileged position of trust and authority could be a fiduciary.

What are fiduciary duties?



Fiduciary duties mainly include the following:
  1. Acting in good faith
  2. Avoiding conflict of interest
  3. Not profiting from the fiduciary position
  4. Executing with utmost skill and care

1. Acting in good faith



This means that the fiduciary must always act honestly and with a fidelity to the principal.

All information relevant to the relationship must be disclosed truthfully and clearly. In addition, the fiduciary must always be fair, reasonable and objective in making decisions in the interest of the principal.

2. Avoiding conflict of interest



As a relationship built on trust and empowerment, a fiduciary must actively avoid conflicts of interest.

For example, he or she should not be working for any other competitors of the principal.

3. Not profiting from the fiduciary position



Fiduciaries have access to the principal&rsquo s assets and can exercise freedom to make decisions on behalf of their principal. However, they must never abuse such authority for individual benefit.

For example, the fiduciary must not favour any business supplier or partner that he or she has vested interest in.

4. Executing with utmost skill and care



Exemplary management is the heart of any fiduciary/principal relationship, particularly for commercial ones. In a nutshell, a fiduciary must discharge his or her duties with due diligence and efforts.

As part of protecting the principal&rsquo s interest, the fiduciary must at all times ensure that their actions also comply with regulatory requirements. Such requirements can come in the form of statutory duties laid down in the Companies Act. Explaining the elements of fiduciary duties
Trustworthiness summarises the various elements of fiduciary duties.

Breach of fiduciary duties can happen in the following ways (this list is not exhaustive):

  • Choosing a third-party vendor based on personal preference rather than on objective grounds.
  • Misusing assets belonging to the principal to gain own profit.
  • Taking away a business opportunity that is intended for the principal.
  • Engaging in insider trading.
  • Misrepresenting or withholding essential information (potential conflicts of interest or business opportunities).
  • Disclosing confidential information of the principal.

When should you consider litigation?



Litigation should be considered when the principal can prove that his or her interests have been compromised due to the negligence of the fiduciary.

Factors to consider before litigation



As straightforward as the above scenarios might sound, there are additional crucial factors to note when considering litigation:

1. Elements to prove breach of fiduciary duties



It is grossly insufficient to merely suspect a breach of fiduciary duty. As the plaintiff, neither can you purely claim that you believe your interest might be adversely affected in the future.

However, it is often difficult for the principal to establish evidence thus, hiring a credible and experienced lawyer who can piece together missing information is extremely important.

A professional lawyer should execute, to their utmost ability, the following in lawsuits:

Duty



A lawyer should assist the plaintiff in demonstrating that a fiduciary duty exists. This could involve substantial investigation depending on the circumstances involved.

For example, if your fiduciary has signed a written contract with you (the principal), your lawyer must be able to prove through this contract that the fiduciary is legally bound to you.

Breach



The plaintiff must have actual evidence on hand that a breach did occur, since it is inadequate to only suspect a breach or breaches.

For instance, if you (the principal) are a stakeholder and had your investment severely reduced, your lawyer must prove that it was due the company director&rsquo s (fiduciary&rsquo s) failure to disclose certain crucial information to you.

Damage



Not only must a plaintiff show evidence of fiduciary breach, he or she must also show proof of loss or damage. No lawsuit is possible without actual damage incurred.
You must be able to clearly demonstrate causation, from duty to damage, in order to sue for a breach of fiduciary duties.

2. Cost of litigation



Litigation can often be expensive and time-consuming. In some cases, your lawyer will advise you not to bring the matter to court if the claim amount is less than the legal costs involved.

Furthermore, if you are obtaining a judgement in your favour, you may want to find out if the other party has sufficient assets to pay you back.

Hence, before pursuing litigation proceedings, it is typically recommended to explore other options such as negotiation and mediation for a more affordable and hassle-free process.

What happens if I decide on litigation?



If you are confident about proving your case, you could claim damages in the form of monies, income, property or others depending on the specifics of your lawsuit.

Outside of damages, the following remedies are also available in Singapore:
  • Rescission of a contract that involves a breach of fiduciary duty.
  • Equitable compensation payable by the fiduciary to the beneficiary.
  • An account of the ill-gotten profits payable by the fiduciary to the beneficiary.
  • Proprietary remedies (i.e. transferring the title of an ill-gotten property from the fiduciary to the beneficiary).
  • Injunctions or specific performance that stop the fiduciary from committing a breach.

Seeking legal advice for a breach of fiduciary duties



As highlighted above, breaching of fiduciary duty cases requires substantial time and expertise to prove. If your interests have been compromised but you are uncertain about whether to proceed with litigation or not, feel free to contact us.

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Disclaimer:
Any information of a legal nature in this blog is given in good faith and has been derived from resources believed to be reliable and accurate. The author of the information contained herein this blog does not give any warranty or accept any responsibility arising in any way, including by reason of negligence for any errors or omissions herein. Readers should seek independent legal advice.


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