Hang Huo Investment Pte Ltd v Wong Pheng Cheong Martin
Key facts
| Court | High Court (General Division) |
|---|---|
| Decided | |
| Judge | Kristy Tan |
| Charges / claim | Companies, Statutory Interpretation |
| Counsel | Dentons Rodyk & Davidson LLP, Shook Lin & Bok LLP, Alwyn Tan, Audrey Chiang, Claudia Khoo, Fiona Tham, Ng Yeow Khoon, Santhosh V |
Source: [2024] SGHC 32, High Court (General Division), decided — eLitigation. Updated .
Catchwords
Practice Areas
Judges (1)
Counsel (8)
Case Significance
Hang Huo Investment Pte Ltd v Wong Pheng Cheong Martin [2024] SGHC 32 was an application in the General Division of the High Court (Originating Application No 633 of 2023) decided by Kristy Tan JC on 2 February 2024, with judgment reserved after hearings on 24 October 2023 and 29 January 2024. The applicant, Hang Huo Investment Pte Ltd, applied under section 78(1)(a) of the Insolvency, Restructuring and Dissolution Act 2018 (IRDA) for the court to fix the remuneration payable to Mr Wong Pheng Cheong Martin, who had been appointed by the applicant's lender, DBS Bank Ltd, as receiver and manager of the applicant's property on 11 April 2023 and discharged on 26 June 2023.
[2024] SGHC 32 explained
Hang Huo Investment Pte Ltd v Wong Pheng Cheong Martin ([2024] SGHC 32) is a Singapore judgment decided by the High Court (General Division) on 2 February 2024. It is categorised under Companies and Statutory Interpretation. Within this corpus it has since been cited by 2 other reported Singapore judgments, 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] SGHC 32 about?
Hang Huo Investment Pte Ltd v Wong Pheng Cheong Martin ([2024] SGHC 32) is a High Court (General Division) decision from 2024. Its published catchwords are “Companies — Receiver and manager — Remuneration of” and “Statutory Interpretation — Construction of statute — Sections 78(2) and 78(3) of the Insolvency, Restructuring and Dissolution Act 2018”, which indicate the subject matter the judgment addresses. The full reasoning and orders are in the judgment itself, linked below.
Which legislation does [2024] SGHC 32 consider?
The judgment refers to Companies Act (Cap 50), Conveyancing and Law of Property Act (Cap 61), Insolvency Act, and Insolvency, Restructuring and Dissolution Act, among other provisions. The statutes cited are listed in full on this page, each linking to its primary text.
How influential is [2024] SGHC 32?
Within this corpus, [2024] SGHC 32 has been cited by 2 later reported Singapore judgments. 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.
Summary
Hang Huo Investment Pte Ltd applied under the Insolvency, Restructuring and Dissolution Act 2018 for the court to fix the remuneration payable to Wong Pheng Cheong Martin, who had been appointed by the applicant's lender as receiver and manager of the applicant's property and later discharged, his firm having invoiced about $1,358,142.50 for professional services which the applicant paid as part of a redemption exercise. The proceeding concerned how the remuneration of privately appointed receivers and managers should be fixed and when they should be ordered to account for amounts paid in excess of the remuneration so fixed. The court fixed the remuneration at $725,000 and ordered the respondent to account to the applicant for the excess of $633,142.50 plus the goods and services tax paid on that amount.
What did Hang Huo Investment Pte Ltd v Wong Pheng Cheong Martin concern ([2024] SGHC 32)?
It concerned an application under section 78(1)(a) of the Insolvency, Restructuring and Dissolution Act 2018 for the High Court to fix the remuneration of Mr Wong Pheng Cheong Martin, a receiver and manager appointed by DBS Bank Ltd, decided by Kristy Tan JC on 2 February 2024.
How much did FTI Consulting invoice in Hang Huo Investment v Wong Pheng Cheong Martin ([2024] SGHC 32)?
By an invoice dated 20 June 2023 issued by the respondent's firm FTI Consulting (Singapore) Pte Ltd, the respondent charged professional services of $1,358,142.50, plus further charges for expenses and goods and services tax, as described in [2024] SGHC 32.
Statutes Cited
Cases Cited (15)
Related cases
Other Singapore judgments involving the same parties or counsel.
Referenced in
Statutes interpreted in this judgment
Legal concepts & references
Judgment
Read the full judgment on the official Singapore Courts portal.
Read on eLitigationSource: eLitigation ([2024] SGHC 32)