The appeal against the Supreme Court’s much discussed decision that Experienced Investor Fund (“EIF”) directors have a higher duty, as decided in Compson v Financial Services Commission and Weal v Financial Services Commission has been dismissed by the Court of Appeal. The Court of Appeal has upheld the decision of the Supreme Court to the effect that that EIF Directors have a higher objective standard of due skill, care and diligence when exercising his functions as a director of an EIF.
Triay & Triay have recently assisted in the arrest of two ships (bulker and cargo) on behalf of different creditors. Both owners had defaulted on several loan obligations to each creditor.
The Minister with responsibility for Financial Services, the Hon Albert Isola MP, hosted a funds and asset management breakfast seminar at the Mandarin Oriental in Singapore on Thursday 7th April 2016 and at the Maritime Museum in the Central district of Hong Kong on Tuesday 12th April 2016.