On 5 June 2025, the Appellate Division of the High Court delivered its decision in Inter-Pacific Petroleum Pte Ltd (in liquidation) v Goh Jin Hian [2025] SGHC(A). The Appellate Court overturned the High Court's ruling that had held Dr Goh personally liable for over US$146 million in losses, clarifying that a director's breach of duty must be the proximate cause of loss in order to attract liability.
This case provides timely guidance on the scope of directors' duties in Singapore, reinforcing the need for directors to remain informed and engaged while also underscoring the evidentiary burden that companies (or their liquidators) face when seeking to impose personal liability on directors.
In this legal update, we summarise the background, the Appellate Court's key findings, and the practical takeaways for directors and corporate governance.
Please find the full update attached.