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What is Tiu vs. Ong: Corporate Agreement Dispute about?

This summarizes a court case regarding a dispute between the Tius and Ongs over shares in First Landlink Asia Development Corporation (FLADC). 1. The Tius owned FLADC originally but invited the Ongs to invest to help with construction of a mall. They signed an agreement for equal shareholding but the Tius later tried to rescind, claiming the Ongs failed to fulfill obligations. 2. The court found both parties violated the agreement - the Ongs prevented the Tius from roles and the Tius diverted corporate

Author

Allen

Language

EN