ORO NEGRO DRILLING PTE. LTD. & 5 Ors v INTEGRADORA DE SERVICIOS PETROLEROS ORO NEGRO, S.A.P.I. DE C.V. & 6 Ors

[2023] SGHC 297 High Court (General Division) 23 October 2023 HC/OS 126/2018
16 cases cited (8 SG, 8 foreign) Cited by 4 cases

Key facts

Court High Court (General Division)
Decided
Judge Vinodh Coomaraswamy
Charges / claim Companies, Conflict of Laws, Civil Procedure
Counsel Haridass Ho & Partners, Tan Kok Quan Partnership, Ajaib Hari Dass, Grace Ho, Natalie Ng, Paul Seah, Ragini Parasuram, Shawn Tien, Siew Guo Wei

Source: [2023] SGHC 297, High Court (General Division), decided — eLitigation. Updated .

Catchwords

Practice Areas

Judges (1)

Counsel (9)

Parties (9)

Case Significance

Oro Negro Drilling Pte Ltd and others v Integradora de Servicios Petroleros Oro Negro SAPI de CV and others [2023] SGHC 297 is a grounds of decision of Vinodh Coomaraswamy J in the General Division of the High Court, delivered on 23 October 2023 in Originating Summons No 126 of 2018. The six plaintiffs are companies incorporated in Singapore with their centre of main interests in Mexico, the first plaintiff being the sole shareholder of the other five; all six plaintiffs and the first defendant had been insolvent since at least September 2017. The application engaged a prohibitory injunction to restrain breach of a negative covenant, the companies' memorandum and articles of association, and the restraint of foreign proceedings, with the excerpt not disclosing the outcome.

Summary

Six Singapore-incorporated Oro Negro companies, with their centre of main interests in Mexico, sought injunctive relief against Integradora de Servicios Petroleros Oro Negro SAPI de CV and others amid a multi-jurisdictional dispute over control of the plaintiffs' assets and restructuring. The case raised issues of prohibitory injunctions to restrain breach of a negative covenant and restraint of foreign proceedings. The High Court allowed the plaintiffs' application for final relief and entered final judgment against the first and third defendants, with costs of $25,000 and assessment of damages adjourned pending appeal.

What was Oro Negro Drilling v Integradora de Servicios Petroleros Oro Negro [2023] SGHC 297 about?

It was a High Court application before Vinodh Coomaraswamy J involving six Singapore-incorporated Oro Negro companies with their centre of main interests in Mexico, concerning a prohibitory injunction, company constitution and restraint of foreign proceedings, decided on 23 October 2023.

What issues did [2023] SGHC 297 raise?

The case engaged a prohibitory injunction to restrain breach of a negative covenant, questions on the companies' memorandum and articles of association, and the restraint of foreign proceedings, in a dispute between insolvent Singapore-incorporated plaintiffs and their former controllers.

Statutes Cited

Insolvency, Restructuring and Dissolution Act Cases on this Act →
Restructuring and Dissolution Act Cases on this Act →

Cases Cited (16)

SLR (8)
[2000] 2 SLR(R) 407 [2003] 2 SLR(R) 571 [2009] 4 SLR(R) 428 [2013] 4 SLR 1097 [2019] 1 SLR 732 [2020] 1 SLR 226 [2021] 2 SLR 180 [2021] 5 SLR 1381
UK (7)
[1892] 2 Ch 158 [1915] 1 Ch 881 [1982] AC 529 [1987] AC 871 [1990] 2 QB 338 [2001] 1 WLR 1388 [2002] 1 WLR 953
MY (1)
[2013] 8 MLJ 280

Cited By (4)

Related cases

Other Singapore judgments on the same subject, most closely matched first.

Referenced in

Judgment

Read the full judgment on the official Singapore Courts portal.

Read on eLitigation

Source: eLitigation ([2023] SGHC 297)