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Tribunal award ordering Nop Narongdej payment to Nopporn Suppipat reversed by Singapore Court of Appeal

BANGKOK, Jun 30, 2021 - (ACN Newswire via SEAPRWire.com) - The Singapore Court of Appeal has rendered the final decision absolving Nop Narongdej of obligation to make compound payments for the purchase of shares in Wind Energy Holding (WEH), on the grounds that the ICC Tribunal award was made in excess of jurisdiction.Mr Pokpak Thongbhakdee, attorney-at-law for FBLP, the legal counsel for the case, reports that the Singapore Court of Appeal revoked the ICC's Arbitral Tribunal decision ordering Fullerton Bay Investment Limited (Fullerton) and KPN Energy Holding Co., Ltd. (KPNEH), both under Mr Nop, to pay 'Remaining Amounts' and 'Compound Interest' under an agreement to purchase shares in Wind Energy Holding Group (WEH), then held by Mr Nopporn Suppipat's companies. The Tribunal order amounted to USD525 million plus interest as well as the costs of the arbitration. The Singapore Court of Appeal ruling is binding. In a complex ruling, the Court of Appeal found the Tribunal without authority to deliberate matters of Compounded Payments and therefore the decision on the Remaining Amounts has no legal effect. The Tribunal decision ordering Fullerton and KPNEH to pay arbitration costs was also revoked by the Singapore Court of Appeal.For his part, Mr Nop commended the Singapore Court for upholding justice in its decision, thereby clearing his name and resolving the dispute with the previous shareholder of WEH, which had posed an obstacle to previous efforts to list the company on the Stock Exchange of Thailand.FBLP is a nationally recognized law firm for business since 2000.Press release disseminated by MT Multimedia Co., Ltd. For more information, contact Orn-anong (Fah) Pattaravejakul.Tel: +66 86 801 8888; E-mail: ornanong.p@mtmultimedia.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Woman on ‘quest for revenge’ against doctor has appeal dismissed, ordered to pay costs

SINGAPORE - A woman, deemed by the court to be on a "quest for revenge" against a doctor, had her appeal dismissed on Wednesday (April 7). Ms Serene Tiong, who was sued for defamation by Dr Julian Ong, had sought the court's permission to sue HC Surgical Specialists (HCSS) chief executive Heah Sieu Min on behalf of HCSS for alleged breach of director's duties relating to the company buying an additional 19 per cent stake in Dr Ong's firm. The High Court dismissed her application last year after it found that she had a vendetta and lacked good faith. On Wednesday, the Court of Appeal dismissed her appeal against last year's judgment, noting that Ms Tiong was driven by revenge and has a history of conflict with Dr Ong. In 2018, Ms Tiong made a complaint against Dr Ong, alleging that he and another medical specialist had colluded to have sex with vulnerable women patients. Dr Ong sued her that year for defamation after she circulated the complaint to other doctors. The Singapore Medical Council is currently still investigating. On Sept 25, 2019, a day before HCSS' annual general meeting, Ms Tiong bought 100 shares in the company. She did so to attend the AGM and raise concerns about the 19 per cent acquisition. Ms Tiong alleged that Dr Heah breached his duties to act with reasonable diligence, and that he had failed to recuse himself from the decision-making for the 19 per cent acquisition in Dr Ong's company. Last year the High Court, in explaining why it dismissed Ms Tiong's application with costs, said she was "so motivated by vendetta, perceived or real, that judgment will be clouded by purely personal considerations". On Wednesday, Justice Andrew Phang said that Ms Tiong's case was "wholly unmeritorious", and even if the intended legal action was successful, it would be devoid of use to the company. He noted that the company had acted in its own business interests, and rubbished claims of Ms Tiong's supposed commercial interest in the company as the shares she bought just a day before its AGM was only worth about $44. More on this topic   Related Story Doctor wins libel suit against woman but judge says case sullies his professional reputation   Related Story HC Surgical says none of Dr Julian Ong's patients switched doctors after knowing of complaint "Her central motive is revenge," he said. "We recognise that Ms Tiong suffered deep, emotional scars, but legal relief must come via the correct route." Ms Tiong has been ordered to pay costs of $15,000 to the company and $30,000 to Dr Heah.

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