ALTERNATIVE ADVISORS INVESTMENTS PTE LTD v ASIDOKONA MINING RESOURCES PTE LTD & Anor

[2024] SGCA 3 Court of Appeal 7 February 2024 CA/CA 18/2023 46 min read

2 cases cited (1 SG, 1 foreign) Cited by 1 case

Key facts

Court	Court of Appeal
Decided	7 February 2024
Judges	Belinda Ang Saw Ean, Steven Chong, Sundaresh Menon
Charges / claim	Contract, Agency
Counsel	K&L Gates Straits Law LLC, M&A Law Corporation, Rajah & Tann Singapore LLP, Gregory Vijayendran Ganesamoorth, Mulani Prakash P, Muralli Rajaram, N Sreenivasan, Ng Ying Tian, Tan Si Xin Adorabelle, Tomoyuki Lewis Ban

Source: [2024] SGCA 3, Court of Appeal, decided 7 February 2024 — eLitigation. Updated 25 June 2026.

Catchwords

Contract — Formation Agency — Ratification — Effect Agency — Ratification — Conditions Agency — Principal — Undisclosed — Rights and liabilities Agency — Third party and principal’s relations — Contractual relations

Practice Areas

Contract Agency

Judges (3)

Belinda Ang Saw Ean Coram Steven Chong Delivered Sundaresh Menon Coram

Counsel (10)

K&L Gates Straits Law LLC Firm M&A Law Corporation Firm Rajah & Tann Singapore LLP Firm Gregory Vijayendran Ganesamoorth Counsel Respondent Mulani Prakash P Counsel Respondent Muralli Rajaram Counsel Appellant N Sreenivasan Counsel Appellant Ng Ying Tian Counsel Respondent Tan Si Xin Adorabelle Counsel Appellant Tomoyuki Lewis Ban Counsel Respondent

Parties (3)

Alternative Advisors Investments Pte Ltd Appellant Asidokona Mining Resources Pte Ltd Respondent Soh Sai Kiang Respondent

Case Significance

Alternative Advisors Investments Pte Ltd v Asidokona Mining Resources Pte Ltd and another [2024] SGCA 3 was decided by the Court of Appeal of Singapore on 7 February 2024, with Steven Chong JCA delivering the judgment of a coram that also included Sundaresh Menon CJ and Belinda Ang Saw Ean JCA. The appeal, Civil Appeal No 18 of 2023, concerned an action for repayment of a $2m loan (the "Loan") under a written Loan Agreement between Supreme Star Investments Ltd ("SSI") and the first respondent, Asidokona Mining Resources Pte Ltd ("Asidokona").

The judgment noted that a claim for repayment of a written loan is typically straightforward, but the claim became convoluted owing to multiple amendments to the pleadings arising from disclosure through discovery and interrogatories. The court observed that, unusually, the named lender SSI denied any knowledge of the Loan even though there was no dispute that the named borrower Asidokona did in fact receive it. The catchwords record issues of Contract — Formation and several Agency points, including ratification (conditions and effect), undisclosed principal rights and liabilities, and contractual relations between a third party and a principal. The second respondent was Soh Sai Kiang.

[2024] SGCA 3 explained

ALTERNATIVE ADVISORS INVESTMENTS PTE LTD v ASIDOKONA MINING RESOURCES PTE LTD & Anor ([2024] SGCA 3) is a Singapore judgment decided by the Court of Appeal on 7 February 2024. It is categorised under Contract and Agency. Within this corpus it has since been cited by 1 other reported Singapore judgment, a measure of how often later decisions have referred to it. This page summarises what the reported decision covers and links the primary sources — the full judgment, the statutes it cites, and the other cases it engages with — so the decision can be read in context. It is reference information, not legal advice, and it does not state the outcome or any holding beyond what the official judgment records.

What is [2024] SGCA 3 about?

ALTERNATIVE ADVISORS INVESTMENTS PTE LTD v ASIDOKONA MINING RESOURCES PTE LTD & Anor ([2024] SGCA 3) is a Court of Appeal decision from 2024. Its published catchwords are “Contract — Formation”, “Agency — Ratification — Effect”, “Agency — Ratification — Conditions”, and “Agency — Principal — Undisclosed — Rights and liabilities”, which indicate the subject matter the judgment addresses. The full reasoning and orders are in the judgment itself, linked below.

How influential is [2024] SGCA 3?

Within this corpus, [2024] SGCA 3 has been cited by 1 later reported Singapore judgment. That count reflects references from other decisions held in this corpus only and is a conservative lower bound on how often the case has actually been cited.

What was Alternative Advisors Investments Pte Ltd v Asidokona Mining Resources Pte Ltd [2024] SGCA 3 about?

It concerned repayment of a $2m loan under a written Loan Agreement between Supreme Star Investments Ltd and Asidokona Mining Resources Pte Ltd. The case became convoluted because the named lender denied knowledge of the loan, raising agency and ratification issues over undisclosed principals.

Who delivered the judgment in [2024] SGCA 3?

Steven Chong JCA delivered the judgment of the Court of Appeal in Alternative Advisors Investments Pte Ltd v Asidokona Mining Resources Pte Ltd [2024] SGCA 3 on 7 February 2024, sitting with Sundaresh Menon CJ and Belinda Ang Saw Ean JCA in Civil Appeal No 18 of 2023.