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Singapore decisions
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The High Court dismissed misrepresentation claims against Madison Lin, finding no actionable false statements or reliance. Her contribution claim against Alvin also failed.
The Court of Appeal dismissed claims in deceit and negligent misrepresentation over STACS whitepaper statements, holding Hashstacs Pte Ltd was not the representor and the statements were forward-looking vision, not present fact.
The High Court dismissed misrepresentation claims by purchasers of Macpherson Mall units, finding alleged statements about area, rental yield, and signage were not actionable.
The Court of Appeal dismissed BCP’s deceit claim over a letter of indemnity, holding the statement was not false on its proper commercial reading.
The Court of Appeal dismissed a seller’s appeal against Phoenix, holding his tort and misrepresentation claims were barred by extended res judicata and abuse of process.
The Singapore District Court dismissed investment misrepresentation claims but upheld property-related fraudulent misrepresentation and unjust enrichment claims, awarding S$222,852.
The High Court found an oral investment agreement had been made and held the defendant liable to repay $4,700,524.24. The alternative misrepresentation claim failed.
The Appellate Division held that two respondents fraudulently misrepresented a Ponzi scheme as safe and profitable, and awarded the appellant HK$36,587,400.
The court found a contract for the sale of a 20% stake in Star Dust, held Cheng liable for breach and unjust enrichment, and awarded Tjandra US$500,000.
The High Court dismissed a buyer’s claim that a property agent negligently misrepresented redevelopment potential in a brochure and was vicariously liable.
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