DKB v DKC

[2025] SGHC(I) 14 Singapore International Commercial Court 2 May 2025 • SIC/OA 10/2024 ( SIC/SUM 17/2025,SIC/SUM 18/2025 ) • 23 min read

2 cases cited Cited by 1 case

Catchwords

Arbitration — Stay of court proceedings — Lifting of stay — Variation of conditions

Practice Areas

Arbitration

Judges (1)

Thomas Bathurst Delivered

Counsel (8)

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

Parties (2)

DKB Applicant DKC Defendant

Summary

Following the SICC's earlier stay of enforcement of a US$315.9 million arbitral award conditioned on DKC commencing a Stockholm arbitration within 10 days, DKC failed to comply and sought an extension of time. The court granted the extension to 12 April 2025 but declined to impose security, finding conditions should generally only facilitate the arbitration's conduct, and ordered DKC to pay costs of the variation application.

Statutes Cited

Arbitration Act (Cap 10)

International Arbitration Act (Cap 143A)

s 29

Cases Cited (2)

SG (1)

[2025] SGHC(I) 11

SLR (1)

[2024] 6 SLR 1

Cited By (1)

[2025] SGHC(I) 21

DKB v DKC

Judgment

Read the full judgment on the official Singapore Courts portal.

Read on eLitigation

Source: eLitigation ([2025] SGHC(I) 14)