MARKETLEND PTY LTD v QBE INSURANCE (SINGAPORE) PTE. LTD.

[2025] SGHC(I) 1 Singapore International Commercial Court 8 January 2025 • SIC/OA 16/2023 • 102 min read

13 cases cited Cited by 2 cases

Catchwords

Contract — Assignment — Consent — Estoppel Evidence — Admissibility of evidence — Hearsay — Exceptions Insurance — General principles — Condition precedent — Non-disclosure — Risk

Practice Areas

Contract Evidence Insurance

Judges (1)

Sir Henry Bernard Eder Delivered

Counsel (8)

Blackstone & Gold LLC Firm Cavenagh Law LLP Firm Alisa Toh Qian Wen Counsel Applicant Baldev Singh Bhinder Counsel Defendant Choo Ian Ming Counsel Applicant Ramandeep Kaur Counsel Defendant Sandosham Paul Rabindranath Counsel Applicant Vedam Rakesh Counsel Defendant

Parties (3)

Australian Executor Trustees Limited Applicant Marketlend Pty Ltd Applicant QBE Insurance (Singapore) Pte Ltd Defendant

Summary

Marketlend and Australian Executor Trustees sought to recover US$9,035,365.38 under a trade credit insurance policy issued by QBE Insurance to Novita Trading, claiming as assignees of Novita's rights. The SICC rejected and dismissed the claims, finding the alleged trades underlying the insurance claims were fictitious, the claimants failed to prove valid assignment of the policy, and QBE was entitled to avoid the policy for non-disclosure.

Statutes Cited

Evidence Act (Cap 97)

s 15 s 32(1) s 32(1)(b) s 32(1)(c) s 32(3) s 32(5) s 5 s 64 s 67 s 67A

Cases Cited (13)

SG (2)

[2020] SGHC(I) 25 [2021] SGHC 191

SLR (11)

[1999] 1 SLR(R) 1165 [2006] 3 SLR(R) 769 [2006] 4 SLR(R) 571 [2007] 2 SLR(R) 918 [2008] 2 SLR(R) 329 [2015] 2 SLR 686 [2015] 5 SLR 1322 [2016] 5 SLR 735 [2020] 3 SLR 373 [2021] 1 SLR 1217 [2021] 4 SLR 883

Cited By (2)

[2026] SGHC(I) 1

DNZ v DOA & Anor

[2025] SGHC(I) 8

MARKETLEND PTY LTD v QBE INSURANCE (SINGAPORE) PTE. LTD.

Judgment

Read the full judgment on the official Singapore Courts portal.

Read on eLitigation

Source: eLitigation ([2025] SGHC(I) 1)