Beckkett Pte Ltd v Deutsche Bank AG: Interim Injunction on Share Sale in Indonesian Coalmine Dispute

In Beckkett Pte Ltd v Deutsche Bank AG and PT Dianlia Sety Amukti, the High Court of Singapore heard an application by Beckkett Pte Ltd for an interim injunction to restrain Deutsche Bank AG from disposing of shares in two Indonesian companies related to a coalmine. Choo Han Teck J denied the application, finding that damages would be an adequate remedy and that granting the injunction would create more prejudice than not granting it.

1. Case Overview

1.1 Court

High Court

1.2 Outcome

Application for interim injunction restraining sale of shares denied.

1.3 Case Type

Civil

1.4 Judgment Type

Grounds of Decision

1.5 Jurisdiction

Singapore

1.6 Description

Beckkett sought an interim injunction to restrain the sale of shares in Indonesian companies. The court denied the injunction, citing adequacy of damages.

1.7 Decision Date

2. Parties and Outcomes

Party NameRoleTypeOutcomeOutcome TypeCounsels
Deutsche Bank AGDefendantCorporationApplication DeniedWon
Beckkett Pte LtdPlaintiffCorporationApplication DismissedLost
PT Dianlia Sety AmuktiDefendantCorporationApplication DeniedWon

3. Judges

Judge NameTitleDelivered Judgment
Choo Han TeckJudgeYes

4. Counsels

Counsel NameOrganization
William OngAllen and Gledhill
Stanley LaiAllen and Gledhill
Kelvin PoonRajah and Tann
Sim Kwan KiatRajah and Tann
Ronald ChooRajah and Tann
Quentin LohRajah and Tann
Kenneth TanKenneth Tan Partnership
Soh Wei ChiKenneth Tan Partnership
Corrine TaylorNg Chong and Hue LLC

4. Facts

  1. Beckkett sought an interim injunction restraining the sale of shares in two Indonesian companies.
  2. The case concerns a coalmine in Indonesia and the value of shares in Adaro and IBT.
  3. There is a likelihood that the Adaro shares would be disposed of shortly.
  4. The key factor is the question of the adequacy of damages.
  5. The court found that damages would be an adequate remedy.

5. Formal Citations

  1. Beckkett Pte Ltd v Deutsche Bank AG and Another, Suit 326/2004, SIC 2432/2005, 2433/2005, [2005] SGHC 105

6. Timeline

DateEvent
Decision Date

7. Legal Issues

  1. Interim Injunction
    • Outcome: The court denied the application for an interim injunction.
    • Category: Procedural

8. Remedies Sought

  1. Interim injunction restraining sale of shares

9. Cause of Actions

  • Conspiracy to injure

10. Practice Areas

  • Commercial Litigation

11. Industries

  • Mining

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

  • Interim injunction
  • Adaro shares
  • IBT
  • Coalmine
  • Adequacy of damages

15.2 Keywords

  • injunction
  • shares
  • coalmine
  • indonesia
  • corporate

17. Areas of Law

Area NameRelevance Score
Injunctions90
Conspiracy by Unlawful Means70
Commercial Disputes60
Shares50
Contract Law30
Company Law30

16. Subjects

  • Injunctions
  • Share Sales
  • Corporate Disputes