Twin Enterprises v Lim Heng Wah: Account Inquiry for Vietnam Trading Arrangement

In a dispute between Twin Enterprises Pte Ltd and Lim Heng Wah Peter, the High Court of Singapore, with Assistant Registrar Phang Hsiao Chung presiding, conducted an account inquiry following a prior judgment. The inquiry concerned a trading arrangement in Vietnam. The court determined a final balance of $105,652.65 due from Twin Enterprises to Lim Heng Wah.

1. Case Overview

1.1 Court

High Court

1.2 Outcome

Balance due from the plaintiffs to the defendant amounting to $105,652.65.

1.3 Case Type

Civil

1.4 Judgment Type

Grounds of Decision

1.5 Jurisdiction

Singapore

1.6 Description

Account inquiry between Twin Enterprises and Lim Heng Wah concerning a Vietnam trading arrangement. The court determined the final balance due.

1.7 Decision Date

2. Parties and Outcomes

Party NameRoleTypeOutcomeOutcome TypeCounsels
TWIN ENTERPRISES PTE LTDPlaintiffCorporationBalance due to DefendantLost
PETER LIK HENG WAHDefendantIndividualAward for DefendantWon

3. Judges

Judge NameTitleDelivered Judgment
Phang Hsiao ChungAssistant RegistrarYes

4. Counsels

Counsel NameOrganization
Anil Murkoth ChangarothLim & Lim
Tan Siah YongPiah Tan & Partners

4. Facts

  1. Twin Enterprises and Lim Heng Wah Peter had a trading arrangement in Vietnam.
  2. Lim Heng Wah Peter was to source goods in Vietnam and send them to Twin Enterprises for sale in Singapore and Hong Kong.
  3. Twin Enterprises would send goods for which there was a demand in Vietnam.
  4. The parties agreed to share equally the profit made on the goods sent to and from Vietnam.
  5. The purchases in Vietnam were funded by money sent by Twin Enterprises or by the proceeds of the sale of goods Twin Enterprises sent to Lim Heng Wah Peter.

5. Formal Citations

  1. Twin Enterprises Pte Ltd v Lim Heng Wah Peter, Suit 1712/1994, [2000] SGHC 279

6. Timeline

DateEvent
Suit filed (Suit 1712/1994)
High Court issued written judgment
Taking of Accounts commenced (Taking of Accounts 7/1999)
Mr Fung Ah Wah affirmed affidavit of evidence
Mr Fung's third affidavit filed
Fung's first affidavit filed
Fung's second affidavit filed
Taking of accounts began with examination of Mr Fung Ah Wah
Parties agreed to continue taking of accounts without further oral evidence
Plaintiffs tendered written submissions
Defendant tendered written submissions
Plaintiffs tendered written submissions
Defendant tendered written submissions
Directions given for further conduct of taking of accounts
M P H Rubin J allowed the appeal
Taking of accounts resumed
Rubin J's grounds of decision dated
Decision Date

7. Legal Issues

    8. Remedies Sought

    1. No remedies sought

    9. Cause of Actions

    • No cause of actions

    10. Practice Areas

    • Commercial Litigation

    11. Industries

    • Trading

    12. Cited Cases

    Case NameCourtAffirmedCitationJurisdictionSignificance
    No cited cases

    13. Applicable Rules

    Rule Name
    No applicable rules

    14. Applicable Statutes

    Statute NameJurisdiction
    No applicable statutes

    15. Key Terms and Keywords

    15.1 Key Terms

    • Account inquiry
    • Trading arrangement
    • Remittances
    • Purchases
    • Profit and loss account

    15.2 Keywords

    • Account inquiry
    • Vietnam
    • Trading arrangement
    • Remittances
    • Purchases
    • Profit and loss account

    17. Areas of Law

    Area NameRelevance Score
    Duty to Account75
    Accounting and Inquiry75
    Contract Law60
    Breach of Contract60
    Company Law50
    Commercial Disputes50
    Evidence30
    Estoppel30
    Damages20
    Costs20

    16. Subjects

    • Accounting
    • International Trade