VIVAZ GROUP HOLDINGS PTE. LTD. v TRIPLEONE (CAMBODIA) INVESTMENT PTE. LTD.

[2025] SGHC 176 High Court (General Division) 4 September 2025 • HC/OA 1330/2024 • 58 min read

8 cases cited Cited by 1 case

Catchwords

Companies — Statutory derivative action — Whether complainant was acting in good faith — Delay Companies — Statutory derivative action — Whether complainant was acting in good faith — Utmost candour and honesty Companies — Statutory derivative action — Section 216A of the Companies Act 1967 (2020 Rev Ed) — Whether complainant was acting in good faith

Practice Areas

Companies

Judges (1)

Mohamed Faizal Delivered

Counsel (8)

Meritus Law LLC Firm WongPartnership LLP Firm Lim Alfred Counsel Third Party Lye May-Yee Jaime Counsel Third Party Neo Yi Ling Counsel Applicant Tan Su Counsel Third Party Tang Shangwei (Zheng Shangwei) Counsel Applicant Tian Warren Counsel Applicant

Parties (3)

TripleOne (Cambodia) Investment Pte Ltd Defendant Vivaz Group Holdings Pte Ltd Applicant Lee Kok Heng Jeremiah Third Party

Case Significance

[2025] SGHC 176 is a High Court (General Division) decision dated 4 September 2025 concerning Companies, specifically addressing statutory derivative action. The judgment was delivered by Mohamed Faizal. The case was brought by Vivaz Group Holdings Pte Ltd (applicant) against TripleOne (Cambodia) Investment Pte Ltd (respondent). Legal representation was provided by WongPartnership LLP. The judgment cites 8 cases and references 1 statutory provision, namely the Companies Act. This decision has been cited by 1 subsequent judgment in the dataset.

Summary

Vivaz Group Holdings sought leave under s 216A of the Companies Act to bring a derivative action against directors of TripleOne (Cambodia) Investment for allegedly transferring corporate assets for no consideration. The court dismissed the application for lack of good faith, finding Vivaz knew far more about the impugned transactions at the time they occurred than it disclosed to the court.

What was decided in [2025] SGHC 176?

[2025] SGHC 176 (VIVAZ GROUP HOLDINGS PTE. LTD. v TRIPLEONE (CAMBODIA) INVESTMENT PTE. LTD.) is a High Court (General Division) decision from 4 September 2025 addressing Companies, specifically statutory derivative action. The judgment was delivered by Mohamed Faizal.

Who were the parties in VIVAZ GROUP HOLDINGS PTE. LTD. v TRIPLEONE (CAMBODIA) INVESTMENT PTE. LTD.?

The applicant in [2025] SGHC 176 was Vivaz Group Holdings Pte Ltd, and the respondent was TripleOne (Cambodia) Investment Pte Ltd. Legal representation included WongPartnership LLP and Meritus Law LLC. The case was decided on 4 September 2025 in the High Court (General Division).