Author: Mak Yuen Teen

Civil liability under the SFA under Part XII Market Conduct is provided for in section 234 and there is no provision for MAS to sue on behalf of investors.

By Mak Yuen Teen This is the fifth, and concluding, part of the series on the Ezra group. If the collapse of the Ezra group was purely about the drop in demand caused by a fall in oil prices and miscalculations by the board and...

By Mak Yuen Teen Within the Ezra group, there were a number of puzzling investments and transactions. One was the JV between Ezra and the Chiyoda Corporation of Japan (with NYK joining later). Another was Ezra’s and EMAS...

By Mak Yuen Teen EMAS Offshore (EOL) started reporting quarterly losses in January 2016 – just 15 months after its secondary listing on SGX. By October 2016, there were more signs that Ezra was in serious trouble. On 30...

By Mak Yuen Teen In January 2014, Ezra announced that it had appointed J.P. Morgan (SEA) to advise the company on strategic options with the aim of optimising its international profile and the competitive position of its Subsea...