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

[2025] SGHC(I) 8 Singapore International Commercial Court 11 March 2025 • SIC/OA 16/2023 • 24 min read

8 cases cited Cited by 1 case

Catchwords

Civil Procedure — Costs

Practice Areas

Civil Procedure

Judges (1)

Sir Henry Bernard Eder Delivered

Counsel (8)

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

Parties (3)

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

Summary

Following the dismissal of Marketlend's US$9 million trade credit insurance claim against QBE Insurance after trial, the SICC assessed costs. The court awarded QBE total recoverable costs of S$1,476,831.90 (approximately 15% of the claim amount), comprising S$100,000 for the pre-transfer period and S$1,366,831.90 for the post-transfer period including professional costs and disbursements, significantly reducing QBE's claimed amount of S$2.6 million.

Cases Cited (8)

SG (4)

[2022] SGCA(I) 10 [2024] SGHC(I) 14 [2024] SGHC(I) 5 [2025] SGHC(I) 1

SLR (4)

[2019] 1 SLR 214 [2022] 1 SLR 88 [2023] 1 SLR 96 [2024] 3 SLR 78

Cited By (1)

[2025] SGHC(I) 23

EBIXCASH LIMITED & 3 Ors v ASHOK KUMAR GOEL & Anor

Judgment

Read the full judgment on the official Singapore Courts portal.

Read on eLitigation

Source: eLitigation ([2025] SGHC(I) 8)