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SINGAPORE 2026-2
Singapore International Commercial Court of the Republic of Singapore, 16 April 2025
(DKB v. DKC)
SINGAPORE 2026-2
The Court granted a stay of proceedings for the enforcement of a Swiss award, based on the SCC arbitration agreement in the settlement deed entered into by the parties following the award’s rendition, by which they agreed to stay all present and future proceedings relating to the award provided that the present defendant and another party were not in breach of their obligations under the deed. The Court agreed with the defendant that the enforcement proceedings should be stayed because there was a dispute as to whether the settlement deed had been breached.
(The Court subsequently granted the defendant a limited extension to commence the SCC arbitration, SINGAPORE 2026-3.)
The court discusses the principle that the merits of the award may not be reviewed and that the court may only carry out a limited review of the award to ascertain grounds for refusal.
The court discusses the conditions for granting adjournment of a proceeding relating to the recognition and enforcement of an arbitral award, and the court’s discretionary power to do so, as well the determination of “suitable security” and the power to request it.