DBX & Anor v DBZ
Outcome
Application dismissedThe application is dismissed.
Source: [2023] SGHC(I) 18, Singapore International Commercial Court, decided 15 November 2023. Read directly from the judgment.
Key facts
| Court | Singapore International Commercial Court |
|---|---|
| Decided | |
| Judge | Roger Giles |
| Charges / claim | Arbitration |
| Outcome | Application dismissed |
| Counsel | A.Ang, Seah & Hoe, WongPartnership LLP, Ang Cheng Ann Alfonso, Chong Wan Yee Monica, Foo Hsien Weng, James Ch'ng Chin Leong, Leau Jun Li, Wong Chun Mun |
Source: [2023] SGHC(I) 18, Singapore International Commercial Court, decided — eLitigation. Updated .
Catchwords
Practice Areas
Judges (1)
Counsel (8)
Parties (3)
Case Significance
DBX and another v DBZ [2023] SGHC(I) 18 is a judgment of the Singapore International Commercial Court by Roger Giles IJ, delivered on 15 November 2023 in Originating Application No 10 of 2023. It was an application to set aside the final awards in two Singapore-seated arbitrations, in which the first applicant was held liable to the respondent as principal debtor under a margin financing facility agreement for a sum just short of HKD 80m plus interest and costs, and the second applicant liable as guarantor for the same amount. The application was filed in the High Court on 19 June 2023 and transferred to the SICC on 7 August 2023, with the court file sealed and the parties anonymised. The decision cites 28 authorities (20 Singapore, 8 foreign).
[2023] SGHC(I) 18 explained
DBX & Anor v DBZ ([2023] SGHC(I) 18) is a Singapore judgment decided by the Singapore International Commercial Court on 15 November 2023. It is categorised under Arbitration. Within this corpus it has since been cited by 5 other reported Singapore judgments, a measure of how often later decisions have referred to it. 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(I) 18 about?
DBX & Anor v DBZ ([2023] SGHC(I) 18) is a Singapore International Commercial Court decision from 2023. Its published catchwords are “Arbitration — Award — Recourse against award — Setting aside”, 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(I) 18 consider?
The judgment refers to Arbitration Act (Cap 10), International Arbitration Act (Cap 143A), International Arbitration Act (Cap 10), and RCo carried on a business in a regulated activity as referred to in the Securities and Futures Ordinance (Cap 571). The statutes cited are listed in full on this page, each linking to its primary text.
What earlier Singapore cases does [2023] SGHC(I) 18 cite?
Among the in-corpus authorities it refers to are [2023] SGCA(I) 4. The complete list of cases cited, and of later cases that cite this decision, is shown on this page.
How influential is [2023] SGHC(I) 18?
Within this corpus, [2023] SGHC(I) 18 has been cited by 5 later reported Singapore judgments. That count reflects references from other decisions held in this corpus only and is a conservative lower bound on how often the case has actually been cited.
What was DBX v DBZ [2023] SGHC(I) 18 about?
It was a Singapore International Commercial Court application before Roger Giles IJ to set aside the final awards in two Singapore-seated arbitrations concerning a margin financing facility, where the first applicant was held liable as principal debtor and the second as guarantor.
How much were the applicants held liable for in the arbitrations behind DBX v DBZ ([2023] SGHC(I) 18)?
The first applicant was held liable to the respondent as principal debtor under a margin financing facility agreement for a sum just short of HKD 80m, plus interest and costs, and the second applicant was liable as guarantor for the same amount, per [2023] SGHC(I) 18.
Statutes Cited
Cases Cited (28)
Related cases
Other Singapore judgments involving the same parties or counsel.
Referenced in
Statutes interpreted in this judgment
Legal concepts & references
Judgment
Read the full judgment on the official Singapore Courts portal.
Read on eLitigationSource: eLitigation ([2023] SGHC(I) 18)