The applicant sought to register and enforce two Singapore judgments against the respondent Hopaco, and moved for summary judgment against the respondent DEAR for a declaration of trust over shares.
DEAR brought cross-motions to dismiss the claim as statute-barred, stay it for forum non conveniens, or obtain security for costs.
The court allowed the registration of the foreign judgments against Hopaco.
However, the court dismissed both summary judgment motions regarding DEAR, finding that whether the foreign judgment was an in rem judgment binding on DEAR required a full factual record.
The court also held the action was not statute-barred, declined to stay the action, and ordered the applicant to post security for costs.
