High Court rules that joint bank accounts may be subject to garnishee order
01 Sep 2020
In the recent decision of Timing Ltd v Tay Toh Hin and another  SGHC 169, the High Court held that a joint bank account may, under certain conditions, be the subject of a garnishee order. This represents a significant departure from the High Court’s previous decision in One Investment and Consultancy Ltd and another v Cham Poh Meng (DBS Bank Ltd, garnishee)  5 SLR 923.
In this update, Director Benedict Teo discusses the practical implications of the Timing Ltd decision, from the perspective of both the judgment creditor and the garnishee bank.
Please click here to read more about the update.