SICC adopts Chinese law in joint venture dispute
31 May 2019
In the recent case of Bachmeer Capital Limited v Ong Chih Ching  SGHC(I) 07, the Singapore International Commercial Court (“SICC”) heard a dispute between joint venture partners (which included Singaporean, Chinese nationals and a Russian) to develop an integrated winter resort in Qing Pu, Shanghai.
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In determining this dispute, the SICC found that:
(a) Chinese law applied to govern this joint venture; and
(b) the parties as shareholders in the special purpose vehicle, which was established in Hong Kong, did not owe any fiduciary duties to each other.
Our Jimmy Yim, SC and Chia Voon Jiet successfully acted for the 1st, 2nd and 4th to 6th Defendants in this matter.