The High Court has rejected a bid by 23 defendants, including the Singapore Institute of Surveyors and Valuers (SISV), for info-tech firm StreetSine Singapore to place some $456,000 as security for costs before continuing its lawsuit against them.
The disputes stem from 2016, when fund manager Crest Capital appointed receivers over the shares of three subsidiaries of OUE Lippo Healthcare, which was then called International Healthway Corporation, after sending them notices of default.
An issue may arise if a significant period of time has elapsed between the date on which the debt was payable and the date that a claim is made to recover the said debt from the Estate.
Contempt of Court — Civil contempt
Civil Procedure — Striking out
This article discusses the novel issues raised by United Overseas Bank Ltd v Lippo Marina Collection Pte Ltd  4 SLR 391.
CA allows the AG to intervene on public interest privilege; grants extension of time for the CIT to request for further arguments and to admit further evidence to the HC.
Criminal Law — Statutory offences
This article traces the introduction of third-party legislation in Singapore and HK, followed by an assessment of the status quo.
For some time, practitioners would have seen news alerts headlining that 3P funding is permitted in Singapore and HK for arbitration and arbitration-related Court proceedings.
Civil Procedure — Further arguments
CA gives its reasons for dismissing an application for extension of time to appeal on the basis that the putative appeal would have no prospect of success.
Civil Procedure — Extension of time
CA awards damages of $1.3m and costs of $315k to respondents for appellants’ breaches of consent order intended to settle dispute on Turf City joint venture.
Civil Procedure – Pleadings
Damages — Measure of damages