28 Jun 2010
TAN INVESTMENT PTE LIMITED V GOLDHEM GROUP LIMITED AND ORS HC AK CIV 2010-404-001187
- Citation
- openlaw-985a6005_5380_4dcb_b521_c8965adc0cb0.pdf
- Court
- High Court
The court refused to imply the mediation/dispute resolution term into the loan agreement because the parties to the loan agreement were different, the material did not demonstrate a clear term covering the precise situation, and it was not necessary to give business efficacy to the loan contract; accordingly there was no contractual basis to stay the summary judgment application and the stay application was dismissed.
- Summary judgment
- Stay of proceedings
- Mediation clause
- Implication of contractual terms
- Guarantee and loan obligations