[2025] SGHC(A) 1 — VICTORY INTERNATIONAL HOLDINGS PTE LTD v COSIMO BORRELLI & Anor

Catchwords

Companies — Receiver and manager – Accounts Companies — Receiver and manager – Duties to chargor Civil Procedure — Costs — Assessment – s 120 of the Legal Profession Act 1966 (2020 Rev Ed)

Practice Areas

Companies Civil Procedure

Judges (3)

Kannan Ramesh Coram Mavis Chionh Sze Chyi Coram See Kee Oon Delivered

Counsel (10)

Cavenagh Law LLP Firm Drew & Napier LLC Firm Adam Tan Ern-Ming Counsel Appellant Chloe Shobhana Ajit Counsel Appellant Choo Ian Ming Counsel Respondent Hing Shan Shan Blossom Counsel Appellant Jimmy Yim Wing Kuen Counsel Appellant Krishna Elan Counsel Respondent Nikhil Daniel Angappan Counsel Appellant Nish Kumar Shetty Counsel Respondent

Parties (3)

Clifford Chance Pte Ltd Respondent Victory International Holdings Pte Ltd Appellant Cosimo Borrelli Respondent

Summary

Victory International Holdings appealed against the dismissal of its claims for an account of a receiver's administration and for assessment of a solicitor's bill of costs under the Legal Profession Act. The Appellate Division partially allowed the appeal, ordering the solicitor's bill to be delivered for court assessment, and awarded Victory $60,000 in costs.

Statutes Cited

Companies Act (Cap 50)

s 324F

Insolvency, Restructuring and Dissolution Act

Legal Profession Act (Cap 161)

s 119 s 120 s 120(1) s 122

Restructuring and Dissolution Act

Solicitors Act

s 39 s 70

UK Solicitors Act

s 70(4) s 71

Cases Cited (18)

SG (3)

[2018] SGHC 168 [2024] SGHC 32 [2024] SGHC 79

SLR (7)

[1990] 1 SLR(R) 739 [2003] 3 SLR(R) 217 [2009] 3 SLR(R) 206 [2010] 4 SLR 590 [2013] 4 SLR 736 [2015] 5 SLR 722 [2020] 1 SLR 627

UK (8)

[1908] 1 KB 982 [1986] 1 WLR 1301 [1988] 1 WLR 1231 [1993] AC 295 [2000] Ch 86 [2004] 1 WLR 997 [2012] 1 WLR 2946 [2024] 1 WLR 4745