COUNSEL & SOLICITOR:
Lim Kian Leong (Ng TT, Keith Kwan and Rachel Tan Pak Theen with him) for the appellants
Court Of Appeal
Companies and Corporations – Directors – Gratuity payment to director upon retirement – Decision in principle of holding company to give property belonging to its subsidiary to its former director in consideration of his retirement – Whether agreement in principle to give property to second defendant by way of gratuity for his past services valid and enforceable – Whether there was privity of contract between plaintiff and defendants – Whether relevant requirements under s 137(5) of the Companies Act 1965 complied with – Companies Act 1965 s 137(5)(a), (b), (c), (d), (e) – Rules of the High Court 1980 O14A