DKB v DKC

[2025] SGHC(I) 11 Singapore International Commercial Court 16 April 2025 • SIC/OA 10/2024 ( HC/SUM 1177/2024 ) • 36 min read

10 cases cited (6 SG, 4 foreign) Cited by 2 cases

Catchwords

Arbitration — Enforcement — Foreign award Arbitration — Stay of court proceedings — Mandatory stay under International Arbitration Act — Settlement deed containing arbitration agreement

Practice Areas

Arbitration

Judges (1)

Thomas Bathurst Delivered

Counsel (8)

A.Ang, Seah & Hoe Firm Allen & Gledhill LLP Firm Chong Yee Leong Counsel Defendant James Ch'ng Chin Leong Counsel Applicant KarLuis Quek Counsel Defendant Lee Wei Cong Terence Counsel Applicant Liew Pei Jun Annette Counsel Defendant Ng Ying Ning Theodora Counsel Defendant

Parties (2)

DKB Applicant DKC Defendant

Summary

DKB sought to enforce a US$315.9 million arbitral award against DKC in Singapore. DKC applied to stay enforcement under s 6 of the International Arbitration Act based on an arbitration clause in a Settlement Deed. The SICC granted the stay subject to conditions requiring DKC to commence a Stockholm arbitration within 10 days and diligently prosecute it, but declined to impose security.