ASIDOKONA MINING RESOURCES PTE LTD & Anor v ALTERNATIVE ADVISORS INVESTMENTS PTE LTD

Q: Which legislation does [2023] SGHC(A) 6 consider?

The judgment refers to Moneylenders Act. The statutes cited are listed in full on this page, each linking to its primary text.

[2023] SGHC(A) 6 High Court (Appellate Division) 3 February 2023 AD/CA 28/2022 58 min read

13 cases cited (8 SG, 5 foreign)

Outcome

Appeal allowed

We therefore allow the appeal.

Source: [2023] SGHC(A) 6, High Court (Appellate Division), decided 3 February 2023. Read directly from the judgment.

Key facts

Court	High Court (Appellate Division)
Decided	3 February 2023
Judges	Kannan Ramesh, Quentin Loh, Woo Bih Li
Charges / claim	Agency, Choses in Action, Damages, Contract
Outcome	Appeal allowed
Counsel	K&L Gates Straits Law LLC, M&A Law Corporation, Rajah & Tann Singapore LLP, Chloe Wang Wenyi, Chua Kee Tian Lester, Gregory Vijayendran Ganesamoorthy, Kevin Wong Jin Wei, Mulani Prakash P, Narayanan Sreenivasan, Rajaram Muralli Raja, Safiuddin bin Mohamed Naseem, Tomoyuki Lewis Ban

Source: [2023] SGHC(A) 6, High Court (Appellate Division), decided 3 February 2023 — eLitigation. Updated 10 July 2026.

Catchwords

Agency — Ratification — Acts Choses in Action — Assignment Damages — Liquidated damages or penalty Contract — Illegality and public policy — Maintenance and champerty

Practice Areas

Agency Choses in Action Damages Contract

Judges (3)

Kannan Ramesh Delivered Quentin Loh Coram Woo Bih Li Coram

Counsel (12)

K&L Gates Straits Law LLC Firm M&A Law Corporation Firm Rajah & Tann Singapore LLP Firm Chloe Wang Wenyi Counsel Respondent Chua Kee Tian Lester Counsel Appellant Gregory Vijayendran Ganesamoorthy Counsel Appellant Kevin Wong Jin Wei Counsel Appellant Mulani Prakash P Counsel Appellant Narayanan Sreenivasan Counsel Respondent Rajaram Muralli Raja Counsel Respondent Safiuddin bin Mohamed Naseem Counsel Appellant Tomoyuki Lewis Ban Counsel Appellant

Parties (3)

Alternative Advisors Investments Pte Ltd Respondent Asidokona Mining Resources Pte Ltd Appellant Soh Sai Kiang Appellant

Case Significance

Asidokona Mining Resources Pte Ltd and another v Alternative Advisors Investments Pte Ltd [2023] SGHC(A) 6 is a judgment of the Appellate Division of the High Court, delivered by Kannan Ramesh JAD (with Woo Bih Li JAD and Quentin Loh SJ) on 3 February 2023 in Civil Appeal No 28 of 2022, arising from Suit No 734 of 2018. The appeal raised questions on whether a principal can ratify a loan agreement where the agent did not purport to act on its behalf, whether ratification is available absent performance, and whether ratification can retrospectively remedy a cause of action. The court answered these questions in the negative, held that the respondent's successful action below could not stand, and allowed the appeal. The catchwords span agency ratification, assignment of choses in action, maintenance and champerty, and liquidated damages or penalty.

[2023] SGHC(A) 6 explained

ASIDOKONA MINING RESOURCES PTE LTD & Anor v ALTERNATIVE ADVISORS INVESTMENTS PTE LTD ([2023] SGHC(A) 6) is a Singapore judgment decided by the High Court (Appellate Division) on 3 February 2023. It is categorised under Agency, Choses in Action, Damages, and Contract. 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] SGHC(A) 6 about?

ASIDOKONA MINING RESOURCES PTE LTD & Anor v ALTERNATIVE ADVISORS INVESTMENTS PTE LTD ([2023] SGHC(A) 6) is a High Court (Appellate Division) decision from 2023. Its published catchwords are “Agency — Ratification — Acts”, “Choses in Action — Assignment”, “Damages — Liquidated damages or penalty”, and “Contract — Illegality and public policy — Maintenance and champerty”, which indicate the subject matter the judgment addresses. The full reasoning and orders are in the judgment itself, linked below.

Which legislation does [2023] SGHC(A) 6 consider?

The judgment refers to Moneylenders Act. The statutes cited are listed in full on this page, each linking to its primary text.

What was the outcome in Asidokona Mining v Alternative Advisors [2023] SGHC(A) 6?

The Appellate Division of the High Court, per Kannan Ramesh JAD, allowed the appeal on 3 February 2023, holding that the respondent's successful action below could not stand because the questions on ratification of the loan agreement were answered in the negative.

What ratification questions did [2023] SGHC(A) 6 address?

The court considered whether a principal can ratify a contract where the agent did not purport to act on its behalf, whether ratification is possible without performance, and whether ratification can retrospectively remedy a cause of action. It answered each in the negative in Civil Appeal No 28 of 2022.