2 Jul 2004
WILLIAM WANG v. BANK OF CHINA, SINGAPORE BRANCH
- Citation
- WILLIAM WANG v. BANK OF CHINA, SINGAPORE BRANCH
- Court
- Court of Appeal
- Case number
- CACV361/2003
The appeals were dismissed because the appellants failed to demonstrate a substantial dispute: they did not challenge or contradict the Respondent's uncontroverted evidence that it was incorporated outside Singapore and authorised to operate an ACU since 27 February 1980, and the judge's finding that the demands related to revolving facilities likely post-dating the 1984 ACU exemption was unchallenged; accordingly the statutory demands were properly maintained and set-aside relief refused; costs awarded on an indemnity basis due to the exceptional lack of merit in the appeals.