DYX v DYY and another matter (Singapore International Commercial Court [2026] SGHC(I) 19)

Procedural record

1. 17 September 2026Singapore

   17 September 2026Singapore

   Judgment of the Singapore International Commercial Court in the case Originating Application Nos 1 and 2 of 2026 (Summons Nos 28 and 29 of 2026) dated 17 September 2026

   Singapore International Commercial Court

   Case no.

   Originating Application No 1 of 2026 (Summons No 28 of 2026) and Originating Application No 2 of 2026 (Summons No 29 of 2026)

   Citation

   [2026] SGHC(I) 19

   Decision summary

   The court granted the Respondents' stay applications, stayed the judicial-management applications under section 6 of the International Arbitration Act 1994, and referred disputes concerning the Waiver Deed and the enforceability of the Loans to SIAC. The court left whether the Loans were waived or remained enforceable for the arbitral tribunal.

   Participants

   Application

   SIC/OA 1/2026 — Stayed

   Application

   SIC/OA 2/2026 — Stayed

   Application

   SIC/SUM 28/2026 — Granted

   Application

   SIC/SUM 29/2026 — Granted

   DYX

   DYY

   DYZ

   Singapore International Commercial Court

   Judge

   James Michael Peck IJ

   Other

   Witness

   Mr X

   Witness

   Mr Y

   Witness

   Mr Z

   Authorities cited

   16

   • International Arbitration Act 1994 (2020 Rev Ed)
     statute
   • Singapore International Commercial Court Rules 2021
     rules
   • Tomolugen Holdings Ltd v Silica Investors Ltd [2016] 1 SLR 373
     case
   • AnAn Group (Singapore) Pte Ltd v VTB Bank (Public Joint Stock Co) [2020] 1 SLR 1158
     case
   • COT v COU [2023] SGCA 31
     case
   • Jiangsu Overseas Group Co Ltd v Concord Energy Pte Ltd [2016] 4 SLR 1336
     case
   • CUG v CUH [2022] 5 SLR 22
     case
   • Malini Ventura v Knight Capital Pte Ltd [2015] 5 SLR 707
     case
   • Tjong Very Sumito v Antig Investments Pte Ltd [2009] 4 SLR(R) 732
     case
   • Gulf Canada Resources Ltd v Avochem International Ltd 66 BCLR (2d) 114
     case
   • Singapore Commodities Group Co, Pte Ltd v Founder Group (Hong Kong) Ltd [2026] 1 SLR 651
     case
   • Founder Group (Hong Kong) Ltd v Singapore JHC Co Pte Ltd [2023] 2 SLR 554
     case
   • Gulf International Holding Pte Ltd v Delta Offshore Energy Pte Ltd [2023] 5 SLR 1455
     case
   • Viet Hai Petroleum Corp v Ng Jun Quan [2016] 3 SLR 887
     case
   • Royal British Bank v Turquand (1856) 6 E&B 327
     case
   • MCH International Pte Ltd v YG Group Pte Ltd [2019] SGHC 43
     case