LIM SEONG ONG & Anor v PANSHORE ENGINEERING PTE. LTD.
Key facts
| Court | High Court (General Division) |
|---|---|
| Decided | |
| Judge | Andre Maniam |
| Charges / claim | Contract |
| Counsel | Peter Low Chambers LLC, Low Peter Cuthbert, Low Ying Ning Elaine (Liu Yingning), Nelson Chee |
Source: [2024] SGHC 135, High Court (General Division), decided — eLitigation. Updated .
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Counsel (4)
Case Significance
Lim Seong Ong and another v Panshore Engineering Pte Ltd [2024] SGHC 135 was decided by the General Division of the High Court of Singapore on 24 May 2024 in Suit No 520 of 2014, with Andre Maniam J delivering the reserved judgment after hearings on 29 February, 1 March and 19 April 2024. The plaintiffs were brothers Lim Thiam Chai ("Roland", the second plaintiff) and Lim Seong Ong ("Kenny", formerly known as Lim Jing Jie, the first plaintiff), who were shareholders and directors of Asia Link Marine Industries Pte Ltd ("Asia Link"). Asia Link and the defendant Panshore Engineering Pte Ltd entered into a joint venture on 1 March 2011, and on 7 September 2011 Panshore, Roland and Kenny entered into a shareholders' agreement under which Panshore was to lend Asia Link $1,000,000 and Roland and Kenny jointly were to lend $400,000. Panshore lent the first $700,000 expected of it, while Roland and Kenny lent nothing; Panshore's counterclaim included a claim that Roland breached the 7 September 2011 agreement by not lending the $400,000.
Summary
Brothers Lim Seong Ong and Lim Thiam Chai, shareholders and directors of Asia Link Marine Industries Pte Ltd, were involved in litigation with Panshore Engineering Pte Ltd arising from a 7 September 2011 shareholders' agreement under which the parties were to provide loans to Asia Link. The High Court had earlier granted Panshore interlocutory judgment on its counterclaim that Lim Thiam Chai breached the agreement by not lending Asia Link $400,000, and this judgment dealt with the assessment of damages. The court found that Panshore failed to prove any loss caused by the breach that was not too remote and awarded only nominal damages of $10, with submissions on costs to be filed within 21 days.
What was Lim Seong Ong v Panshore Engineering [2024] SGHC 135 about?
Decided on 24 May 2024 by Andre Maniam J, the case concerned a 7 September 2011 shareholders' agreement for Asia Link Marine Industries. Panshore Engineering lent $700,000 of an expected $1,000,000, while brothers Roland and Kenny Lim lent nothing of their promised $400,000, prompting Panshore's counterclaim.
Who were the parties in Lim Seong Ong v Panshore Engineering [2024] SGHC 135?
The plaintiffs were brothers Lim Seong Ong (Kenny, formerly Lim Jing Jie) and Lim Thiam Chai (Roland), shareholders and directors of Asia Link Marine Industries Pte Ltd. The defendant was Panshore Engineering Pte Ltd, represented by Peter Low Chambers LLC, with counsel including Low Peter Cuthbert and Nelson Chee.
Cases Cited (3)
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Other Singapore judgments involving the same parties or counsel.
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Judgment
Read the full judgment on the official Singapore Courts portal.
Read on eLitigationSource: eLitigation ([2024] SGHC 135)