Briefing note: Preserving Mareva injunctions pending appeal

1 June, 2020

On 1 June 2020, the Court of Appeal handed down judgment in JTrust Asia Pte Ltd v Group LeaseHoldings Pte Ltd and others [2020] SGCA 54, preserving, pending the hearing of the plaintiff’s (“JTA”) appeal, a Mareva injunction which JTA had obtained against two defendants prior to the trial,notwithstanding that JTA had been unsuccessful in its suit against them. In doing so the Court of Appeal considered the test to be applied in such circumstances, and the various factors taken into account ingranting JTA’s application. This is believed to be the first time such issues have arisen for consideration in Singapore.
See here a briefing note drafted by Colin Liew, who, together with Chan Leng Sun SC, represents JTAin the proceedings, as instructed by Wong & Leow LLC.