Sakae founder wins legal battle against ex-director

Sakae Sushi founder Douglas Foo (above) said the legal spat "hugely impacted" how the company had performed in recent years. Chief Justice Sundaresh Menon, in a judgment delivered yesterday, said Mr Andy Ong (below) was "the key figure behind all the
Sakae Sushi founder Douglas Foo (above) said the legal spat "hugely impacted" how the company had performed in recent years. Chief Justice Sundaresh Menon, in a judgment delivered yesterday, said Mr Andy Ong was "the key figure behind all the impugned transactions".PHOTO: SAKAE HOLDINGS, ST FILE
Sakae Sushi founder Douglas Foo (above) said the legal spat "hugely impacted" how the company had performed in recent years. Chief Justice Sundaresh Menon, in a judgment delivered yesterday, said Mr Andy Ong (below) was "the key figure behind all the
Sakae Sushi founder Douglas Foo said the legal spat "hugely impacted" how the company had performed in recent years. Chief Justice Sundaresh Menon, in a judgment delivered yesterday, said Mr Andy Ong (above) was "the key figure behind all the impugned transactions".PHOTO: SAKAE HOLDINGS, ST FILE

Court of Appeal rules substantially in favour of founder in acrimonious six-year tussle

An acrimonious six-year-long legal battle between Sakae Sushi chain founder Douglas Foo and a former Sakae Holdings director has finally ended, with the Court of Appeal ruling substantially in Mr Foo's favour.

It was a hard-won victory for Mr Foo, who told The Straits Times that the spat had "hugely impacted" how the company had performed in recent years and drained almost $11 million in legal fees from its coffers.

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A version of this article appeared in the print edition of The Straits Times on June 30, 2018, with the headline 'Sakae founder wins legal battle against ex-director'. Print Edition | Subscribe