BIDZINA IVANISHVILI & 4 Ors v CREDIT SUISSE TRUST LIMITED

[2023] SGHC(I) 19 Singapore International Commercial Court 2 November 2023 SIC/S 4/2021 ( SIC/SUM 33/2023 ) 13 min read

5 cases cited Cited by 1 case

Key facts

Court	Singapore International Commercial Court
Decided	2 November 2023
Judge	Patricia Bergin
Charges / claim	Civil Procedure
Counsel	Allen & Gledhill LLP, Drew & Napier LLC, Rajah & Tann Singapore LLP, Cavinder Bull, Disa Sim, Gerald Paul Seah Yong Sing, Kelly Tseng Ai Lin, Kenneth Lim Tao Chung, Lee Eng Beng, Liang Fang Ling Elisabeth, Tan Yuan Kheng, Wong Pei Ting, Yeow Yuet Cheong

Source: [2023] SGHC(I) 19, Singapore International Commercial Court, decided 2 November 2023 — eLitigation. Updated 10 July 2026.

Catchwords

Civil Procedure — Stay of execution of judgment pending appeal

Practice Areas

Civil Procedure

Case Significance

Ivanishvili, Bidzina and others v Credit Suisse Trust Ltd [2023] SGHC(I) 19 is an oral judgment of Patricia Bergin IJ in the Singapore International Commercial Court, delivered on 2 November 2023 in Suit No 4 of 2021 (Summons No 33 of 2023). The defendant, Credit Suisse Trust Limited, applied for a stay of execution pending appeal of the court's Merits Judgment of 26 May 2023 ([2023] SGHC(I) 9) and Quantum Judgment of 19 September 2023 ([2023] SGHC(I) 14), under which it had been ordered to pay US$742.73m plus interest and the plaintiffs' costs of S$7,298,893.43 plus interest. The defendant had filed an appeal understood to be heard around the first week of April 2024, and the judgment concerns the stay of execution of a judgment pending appeal, both the Court of Appeal and the SICC having concurrent jurisdiction to hear such applications.

[2023] SGHC(I) 19 explained

BIDZINA IVANISHVILI & 4 Ors v CREDIT SUISSE TRUST LIMITED ([2023] SGHC(I) 19) is a Singapore judgment decided by the Singapore International Commercial Court on 2 November 2023. It is categorised under Civil Procedure. Within this corpus it has since been cited by 1 other reported Singapore judgment, 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) 19 about?

BIDZINA IVANISHVILI & 4 Ors v CREDIT SUISSE TRUST LIMITED ([2023] SGHC(I) 19) is a Singapore International Commercial Court decision from 2023. Its published catchwords are “Civil Procedure — Stay of execution of judgment pending appeal”, which indicate the subject matter the judgment addresses. The full reasoning and orders are in the judgment itself, linked below.

What earlier Singapore cases does [2023] SGHC(I) 19 cite?

Among the in-corpus authorities it refers to are [2023] SGHC(I) 14, [2023] SGHC(I) 9, and [2023] SGHC 113. 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) 19?

Within this corpus, [2023] SGHC(I) 19 has been cited by 1 later reported Singapore judgment. 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 Ivanishvili v Credit Suisse Trust [2023] SGHC(I) 19 about?

It was an application by Credit Suisse Trust Limited before Patricia Bergin IJ in the Singapore International Commercial Court for a stay of execution pending appeal of judgments ordering it to pay US$742.73m plus interest, decided on 2 November 2023.

How much had Credit Suisse Trust been ordered to pay in the underlying judgments ([2023] SGHC(I) 19)?

Under the Merits Judgment of 26 May 2023 and the Quantum Judgment of 19 September 2023, the defendant was ordered to pay US$742.73m plus interest and the plaintiffs' costs of S$7,298,893.43 plus interest.