A Cautionary Tale of Eager Banks and A Fraudster

25 May 2011

The Singapore Court of Appeal has dismissed the appeals of two international banks, Skandinaviska Enskilda Banke AB (Publ), Singapore Branch and Bayerische Hypo-Und Vereinsbank Aktiengesellschaft (collectively, “Banks”) against Asia Pacific Breweries (Singapore) Pte Ltd (“APBS”), thus closing a chapter on the largest case of commercial fraud in Singapore.

Drew & Napier acted successfully for Asia Pacific Breweries(Singapore) Pte Ltd in both the High Court and Court of Appeal.

To read the case update, please click here.