Matter
DSV and another v DSU (Singapore General Division of the High Court, Originating Application No 1153 of 2025, [2026] SGHC 128)
- 28 March 2024Singapore
28 March 2024Singapore
Interim award of the Emergency Arbitrator dated 28 March 2024
- Decision summary
- The Emergency Arbitrator granted a worldwide freezing order against DSV and DSW. The order remained in force subject to further order by the Tribunal.
Supporting details
4 participants1 year, 3 months and 16 days later · 473 days
- 14 July 2025Singapore
14 July 2025Singapore
Partial final award dated 14 July 2025
- Decision summary
- The Tribunal held that the filing of the Creditors' Application constituted the institution of an insolvency proceeding and a Bankruptcy Event of Default, and ordered DSV and DSW to pay DSU the Early Termination Amount of about $300m with interest. Costs and reserved relief remained outstanding.
Supporting details
4 participants11 months and 1 day later · 336 days
- 15 June 2026Singapore
15 June 2026Singapore
Judgment of the General Division of the High Court in the case Originating Application No 1153 of 2025 dated 15 June 2026
General Division of the High Court
- Citation
- [2026] SGHC 128
- Decision summary
- The court dismissed DSV and DSW's application to set aside the partial final award. It held that the Tribunal had not denied the claimants a fair hearing or departed from the agreed pleading-based procedure by confining the hearing to pleaded issues, and ordered the claimants to pay DSU indemnity costs fixed at $65,000.
Supporting details
24 authorities · 4 participants