MILAHA EXPLORER PTE. LTD. v PENGRUI LEASING (TIANJIN) CO. LTD.

[2023] SGCA 6 Court of Appeal 20 February 2023 CA/CA 2/2022 17 min read

9 cases cited (7 SG, 2 foreign)

Outcome

Appeal allowed

we allowed the appeal and set aside the Mareva injunction.

Source: [2023] SGCA 6, Court of Appeal, decided 20 February 2023. Read directly from the judgment.

Key facts

Court	Court of Appeal
Decided	20 February 2023
Judges	Judith Prakash, Tay Yong Kwang
Charges / claim	Civil Procedure
Outcome	Appeal allowed
Counsel	Ang & Partners, Ascendant Legal LLC, Audent Chambers LLC, Oon & Bazul LLP, Ch’ng Cheng Yi Samantha, Edgar Chin Ren Howe, Goh Kok Leong, Harpreet Singh Nehal, Jordan Tan, Shawn Lim Zi Xuan, Teo Jim Yang, Victor Leong

Source: [2023] SGCA 6, Court of Appeal, decided 20 February 2023 — eLitigation. Updated 10 July 2026.

Catchwords

Civil Procedure - Mareva injunctions

Practice Areas

Civil Procedure

Judges (2)

Judith Prakash Delivered Tay Yong Kwang Coram

Counsel (12)

Ang & Partners Firm Ascendant Legal LLC Firm Audent Chambers LLC Firm Oon & Bazul LLP Firm Ch’ng Cheng Yi Samantha Counsel Appellant Edgar Chin Ren Howe Counsel Appellant Goh Kok Leong Counsel Respondent Harpreet Singh Nehal Counsel Appellant Jordan Tan Counsel Appellant Shawn Lim Zi Xuan Counsel Third Party Teo Jim Yang Counsel Appellant Victor Leong Counsel Appellant

Parties (2)

Milaha Explorer Pte Ltd Appellant Pengrui Leasing (Tianjin) Co Ltd Respondent

Case Significance

Milaha Explorer Pte Ltd v Pengrui Leasing (Tianjin) Co Ltd [2023] SGCA 6 records the Court of Appeal's grounds of decision in Civil Appeal No 2 of 2022, delivered on 20 February 2023 by Judith Prakash JCA, sitting with Tay Yong Kwang JCA. Having heard the appeal on 7 September 2022, the court allowed it and set aside the Mareva injunction that the judge below had granted over the appellant's assets in Pengrui Leasing (Tianjin) Co Ltd v Milaha Explorer Pte Ltd [2022] SGHC 80. The sole issue on appeal was whether there was a real risk of dissipation of assets by Milaha Explorer Pte Ltd, a Singapore-incorporated special purpose vehicle with a paid-up capital of $50,000 whose only asset was the vessel Milaha Explorer.

[2023] SGCA 6 explained

MILAHA EXPLORER PTE. LTD. v PENGRUI LEASING (TIANJIN) CO. LTD. ([2023] SGCA 6) is a Singapore judgment decided by the Court of Appeal on 20 February 2023. It is categorised under Civil Procedure. It is a recent decision; within this corpus no later judgment has cited it yet. This page summarises what the reported decision covers and links the primary sources — the full judgment, the statutes it cites, and the other cases it engages with — so the decision can be read in context. It is reference information, not legal advice, and it does not state the outcome or any holding beyond what the official judgment records.

What is [2023] SGCA 6 about?

MILAHA EXPLORER PTE. LTD. v PENGRUI LEASING (TIANJIN) CO. LTD. ([2023] SGCA 6) is a Court of Appeal decision from 2023. Its published catchwords are “Civil Procedure - Mareva injunctions”, which indicate the subject matter the judgment addresses. The full reasoning and orders are in the judgment itself, linked below.

What did the Court of Appeal decide in Milaha Explorer v Pengrui Leasing ([2023] SGCA 6)?

In [2023] SGCA 6, the Court of Appeal allowed Milaha Explorer Pte Ltd's appeal and set aside the Mareva injunction granted over its assets. The sole issue was whether there was a real risk of dissipation of assets by the appellant.

Who were the judges in Milaha Explorer Pte Ltd v Pengrui Leasing (Tianjin) Co Ltd ([2023] SGCA 6)?

Judith Prakash JCA delivered the grounds of decision, sitting with Tay Yong Kwang JCA in the Court of Appeal. Civil Appeal No 2 of 2022 was heard on 7 September 2022, with grounds issued on 20 February 2023.