Singapore Court Judgments
Showing 10 of 9,503 judgments
Budhrani v INTL FCStone: Margin Trading, Broker-Dealer Agreements & Investor Claims
In Rajesh Harichandra Budhrani v INTL FCStone Pte Ltd, the Appellate Division of the High Court of Singapore dismissed Mr. Budhrani's appeal against the first instance decision. The case concerned a margin trading account Mr. Budhrani held with INTL FCStone for trading silver futures contracts. After a significant drop in silver prices, FCStone liquidated Mr. Budhrani's positions, leading to a claim by Mr. Budhrani alleging breach of contract, duress, undue influence, and misrepresentation. FCStone counterclaimed for the outstanding deficit. The court upheld the original judgment, finding that FCStone was entitled to liquidate the positions and that Mr. Budhrani's instructions were not needed for those sales.
Vietnam Oil and Gas Group v Joint Stock Company: Dispute over EPC Contract Termination and Payment Obligations
In a dispute between Vietnam Oil and Gas Group (PVN) and Joint Stock Company (Power Machines – ZTL, LMZ, Electrosila Energomachexport) (PM) before the General Division of the High Court of Singapore on September 24, 2024, PVN challenged an arbitration award largely in favor of PM. The dispute arose from an EPC contract for a thermal power plant project, with PVN contesting the validity of the contract's termination and associated payment obligations. The court, presided over by Chua Lee Ming J, remitted the matter to the Tribunal for further consideration on the validity of the termination notices, while upholding the Tribunal's award on damages.
Tan Heng Khoon v Wang Shing He: Extension of Time to File Notice of Appeal
Tan Heng Khoon, trading as 360 VR Cars, applied for an extension of time to file and serve a Notice of Appeal against the District Court's decision in DC/RA 4/2024. The respondent, Wang Shing He, objected. The High Court allowed the application, directing the applicant to file and serve the Notice of Appeal by 11 September 2024. The court considered the length of the delay, the reasons for the delay, the chances of success on appeal, and the degree of prejudice to the respondent.
Sapura Fabrication Sdn Bhd v GAS: Cross-Border Insolvency, Arbitration, and Enforcement of Arbitral Agreements
In [2024] SGHC 241, the Singapore High Court considered applications by Sapura Fabrication Sdn Bhd and Sapura Offshore Sdn Bhd for recognition of Malaysian insolvency proceedings under the Insolvency, Restructuring and Dissolution Act 2018. GAS, a non-party, sought a carve-out to proceed with arbitration against the Sapura Entities. Justice Aedit Abdullah granted the carve-out, allowing arbitration to proceed, subject to a condition that no enforcement action be taken without the court's permission. The court balanced the insolvency moratorium with the policy of enforcing arbitration agreements.
Re Sapura 1200 Ltd: Cross-Border Insolvency & Recognition of Foreign Proceedings
The General Division of the High Court of Singapore heard the originating application by Sapura 1200 Ltd, Mohd Anuar bin Taib, Chew Seng Heng, and Norzaimah binti Maarof, seeking recognition of the Malaysian Reorganisation Proceeding as a foreign main proceeding. The court granted the interim relief sought and the Recognition Application, recognizing the applicants as foreign representatives and issuing a stay against actions against the company's property.
Builders Hub v JP Nelson: SOPA & Fraud in Construction Contract Dispute
Builders Hub Pte Ltd appealed against the High Court's decision to reduce an adjudication award in their favor in a dispute with JP Nelson Equipment Pte Ltd. The dispute arose from a construction contract for an office/dormitory and factory. JP Nelson terminated the contract with Builders Hub for alleged breaches, while Builders Hub alleged repudiatory breaches by JP Nelson. The High Court found that Builders Hub had submitted fraudulent documents but ruled that the adjudication award was not affected by the fraud. Nevertheless, the High Court reduced the award by $155,160. The Appellate Division allowed the appeal, finding that the adjudication determinations were not affected by the fraud and that the High Court erred in reducing the award. The court ordered JP Nelson to return a garnished sum to Builders Hub.
Kingsmen Exhibits v RegalRare Gem Museum: Winding Up Application Under IRDA s 125(1)(e)
Kingsmen Exhibits Pte Ltd applied for winding-up orders against RegalRare Gem Museum Pte Ltd and Kings Luxury Concepts Pte Ltd in the General Division of the High Court of Singapore. The applications, based on s 125(1)(e) of the Insolvency, Restructuring and Dissolution Act 2018, were heard by Goh Yihan J. The court allowed the winding-up applications, finding that the companies were deemed unable to pay their debts to Kingsmen. The court also addressed the defendants' allegations of defective works and their repeated requests for adjournments.
Public Prosecutor v CHJ: Sexual Assault & Obstruction of Justice
In Public Prosecutor v CHJ, the High Court of Singapore convicted CHJ of two counts of sexual assault by penetration against his wife and one count of obstructing the course of justice. The court found that the prosecution had proven the charges beyond a reasonable doubt. CHJ was sentenced to a global sentence of eight years’ imprisonment and six strokes of the cane.
PP v Iswan bin Ali: Trafficking of Diamorphine under Misuse of Drugs Act
In Public Prosecutor v Iswan bin Ali, the High Court of Singapore found Iswan bin Ali guilty of trafficking diamorphine under the Misuse of Drugs Act. Iswan was charged with possessing not less than 61.19 grams of diamorphine for the purpose of trafficking. The court altered the charge to reflect the finding that Iswan was guilty of trafficking 51.41g of diamorphine. The court found that the prosecution had proven beyond a reasonable doubt that Iswan possessed 51.41g of diamorphine for the purpose of trafficking, while raising sufficient doubt as to whether the remaining amount was for the purpose of trafficking.
DHZ v DHY: Setting Aside Arbitral Award for Breach of Natural Justice and Jurisdictional Issues
In DHZ v DHY, the General Division of the High Court of Singapore heard an application by DHZ to set aside an arbitral award issued in favor of DHY. DHZ alleged breaches of natural justice and jurisdictional issues. The court, presided over by Justice Chua Lee Ming, dismissed DHZ's application and a related summons, finding no basis to set aside the award. The disputes in the arbitration related to four contracts for the supply of goods and services.