Court : Singapore Supreme Court
Decided on : Apr-16-2014
Judith Prakash J: 1. In November 1995, Mr Ng Chee Weng, the plaintiff in this law suit, became one of the founding shareholders of a company called SinCo Technologies Pte Ltd ("SinCo"). The plaintiff held his shares on trust for his friend, Mr Bryan Lim Jit Ming, ("Mr Lim"), because SinCo had been set up to provide a vehicle for a new business to be undertaken by Mr Lim. In later years, the plaintiff also acquired shares for himself. At all times Mr Lim was the man in charge of SinCo and he built it up into a dynamic and successful business. The plaintiff remained a shareholder on the books until 2002 when he transferred all his shares to Mr Lim. He remained a director until 2005. 2. In 2009, the plaintiff approached Mr Lim and asked for payment of his share of the dividends declared by SinCo during the financial years from 2003 until and including 2006. The plaintiff claimed that the share transfer form he had executed in 2002 was only a paper transfer. It was not till 2007 that he ha...
Tag this Judgment!Court : Singapore Supreme Court
Decided on : May-05-2014
Judith Prakash J: 1. Until 21 December 2011, ADJ, the plaintiff-husband herein was married to ADK, the defendant-wife. On that date, an interim judgment for divorce was made on an uncontested basis on the ground that the plaintiff had behaved in such a way that the defendant could not reasonably be expected to live with him. The plaintiff was not happy with this outcome. He filed an application for the interim judgment to be rescinded. This application having failed, he then appealed against the decision to the High Court. His appeal was heard by Choo Han Teck J ("the Judge") who dismissed it. Throughout the proceedings, the plaintiff has acted in person. 2. By this originating summons, the plaintiff seeks leave of court to appeal to the Court of Appeal against the decision of the Judge. The Judge's reasons for his decision are found in his written judgment identified as AWN v AWO and another appeal [2012] SGHC 228 ("the Judgment"). 3. The defendant resists this application on the basi...
Tag this Judgment!Court : Singapore Supreme Court
Decided on : Feb-04-2014
Andrew Ang J (delivering the judgment of the court): 1. This is an appeal under s 81(5) of the Income Tax Act (Cap 134, 2008 Rev Ed) ("the IT A") against the decision of the High Court judge ("the Judge") dismissing the appeal of the appellant Comptroller ("the Appellant") against the decision of the Income Tax Board of Review ("the Board") in Income Tax Appeal Nos 3 and 4 of 2010. The Board had allowed the appeal of the respondent insurance company ("the Respondent") against revised assessments raised on it by the Appellant seeking to tax the gains made by the Respondent on the disposal of certain shares ("the Shares") that had been held by the Respondent in its related companies [C], [D] and [E]. 2. The significance of this case lies to some degree in the fact that it is the first local case dealing with the income tax treatment of investment gains accruing to insurance companies. At its core it revolves around the single issue of whether the gains arising from the Respondent's dispo...
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