ENVY ASSET MANAGEMENT PTE. LTD. (IN LIQUIDATION) & 5 Ors v LAU LEE SHENG & 7 Ors
Catchwords
Practice Areas
Judges (1)
Counsel (12)
Parties (14)
Case Significance
Envy Asset Management Pte Ltd (in liquidation) and others v Lau Lee Sheng and others [2024] SGHC 38 was decided by Goh Yihan J in the General Division of the High Court on 8 February 2024, in Originating Claim No 193 of 2022 (Registrar's Appeal No 243 of 2023). The claimants included the three Envy companies in liquidation - Envy Asset Management Pte Ltd, Envy Management Holdings Pte Ltd and Envy Global Trading Pte Ltd - together with Bob Yap Cheng Ghee, Tay Puay Cheng and Toh Ai Ling in their capacity as joint and several interim judicial managers of those companies. The eight defendants were Lau Lee Sheng, Teo Wei Wen Benjamin, Shen Xuhuai, Koh Hong Jie (Xu Hongjie), Edmund Chan Pak Kum, Guo Yujia, Ang Wen Min Daniel and Chua Wei Jian Jordan, with counterclaims brought by certain defendants.
The catchwords cover Civil Procedure (Pleadings, Amendment) and Civil Procedure (Pleadings, Striking out), and the judgment references the Conveyancing and Law of Property Act, the Insolvency, Restructuring and Dissolution Act and the Misrepresentation Act. The claimants were represented by Shook Lin & Bok LLP (Chan Ming Onn David, Lai Wei Kang Louis, Lee Ping, Ryan Mark Lopez and Zhang Yiting); the defendants by WongPartnership LLP (Koh Swee Yen and others).
Summary
In this matter before the General Division of the High Court, an appeal arose in proceedings brought by Envy Asset Management Pte Ltd (in liquidation) and related entities and interim judicial managers against several defendants, with the first and second defendants seeking both to strike out and to amend certain pleadings relating to what were described as the Internal Transfers. The issues concerned amendment and striking out of pleadings under the Rules of Court. The court dismissed the first and second defendants' appeal, reasoning that since their application to strike out the affected pleadings had been dismissed, their alternative prayer to amend those same pleadings for the same reason must also be dismissed, and directed the parties to make submissions on costs.
What was Envy Asset Management Pte Ltd v Lau Lee Sheng [2024] SGHC 38 about?
Decided by Goh Yihan J on 8 February 2024, the case (a Registrar's Appeal in Originating Claim No 193 of 2022) concerned civil procedure issues of amendment and striking out of pleadings, brought by the three Envy companies in liquidation and their interim judicial managers against eight defendants.
Who were the parties in Envy Asset Management Pte Ltd v Lau Lee Sheng [2024] SGHC 38?
The claimants were Envy Asset Management, Envy Management Holdings and Envy Global Trading (all in liquidation) plus interim judicial managers Bob Yap Cheng Ghee, Tay Puay Cheng and Toh Ai Ling. The defendants included Lau Lee Sheng, Teo Wei Wen Benjamin and six others.
Statutes Cited
Cases Cited (13)
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Legal concepts & references
Judgment
Read the full judgment on the official Singapore Courts portal.
Read on eLitigationSource: eLitigation ([2024] SGHC 38)