Matter
DPT and another v DPV and others (Singapore Court of Appeal [2026] SGCA(I) 4)
Singapore arbitration over alleged breaches of shareholder and investment agreements and minority oppression in a fintech joint venture, followed by an unsuccessful award challenge.
Procedural record
- 8 July 2026Singapore
8 July 2026Singapore
Judgment of the Court of Appeal of the Republic of Singapore in the case CA/CAS 8/2025 dated 8 July 2026
Court of Appeal of the Republic of Singapore
- Citation
- [2026] SGCA(I) 4
- Decision summary
- The Court of Appeal dismissed the appeal from the Singapore International Commercial Court’s dismissal of the application to set aside the Partial Award. It rejected the alleged natural-justice breaches concerning the buy-out valuation and the Tribunal’s treatment of responsive evidence, and ordered the Appellants to pay costs fixed at $90,000 on the standard basis.
Participants
- Application
- Application to set aside the Partial Award in SIC/OA 10/2025 — Dismissed by the SICC; appeal dismissed
DPT
DPU
DPV
DPW
DPX
Court of Appeal of the Republic of Singapore
- Judge
- Ang Cheng Hock
- Judge
- Kannan Ramesh
- Judge
- Robert French
- Date not availableArbitration
Date not availableArbitration
Partial Award in the arbitration between DPV and DPW and DPT, DPU and DPX
Singapore International Arbitration Centre
- Decision summary
- The Tribunal found breaches of the shareholders’ and investment agreements and oppressive conduct toward DPV and DPW, declared the 21 May 2021 share issuance to DPT null and void, and ordered a buy-out of the Respondents’ shares. The Majority set the buy-out price at US$14,736,000; the Minority considered that it should be US$7,003,500.
Participants
DPT
DPU
DPX
DPV
DPW
Singapore International Arbitration Centre