This case relates to five separate court actions involving one half of a family against the other half in a family dispute over three family-run companies in the business of the wholesale trade of agarwood, spices and essential oils valued at approximately over S$20 million.
Allegations of misappropriation of company funds, breach of directors’ duties and diversion of business opportunities were raised in the consolidated actions. As part of the court proceedings, cross-injunctive relief was sought for access to the warehouses storing the companies’ goods. A separate derivative action by the minority shareholders of one of the family-run companies was also commenced.
The case is ongoing.