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 Court1.2 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 Name | Role | Type | Outcome | Outcome Type | Counsels |
|---|---|---|---|---|---|
| Beckkett Pte Ltd | Plaintiff | Corporation | Application Dismissed | Lost | Quentin Loh, Ronald Choo, Sim Kwan Kiat, Kelvin Poon |
| Deutsche Bank AG | Defendant | Corporation | Application Denied | Won | Stanley Lai, William Ong |
| PT Dianlia Sety Amukti | Defendant | Corporation | Application Denied | Won | Kenneth Tan, Soh Wei Chi, Corrine Taylor |
3. Judges
| Judge Name | Title | Delivered Judgment |
|---|---|---|
| Choo Han Teck | Judge | Yes |
4. Counsels
| Counsel Name | Organization |
|---|---|
| Quentin Loh | Rajah and Tann |
| Ronald Choo | Rajah and Tann |
| Sim Kwan Kiat | Rajah and Tann |
| Kelvin Poon | Rajah and Tann |
| Stanley Lai | Allen and Gledhill |
| William Ong | Allen and Gledhill |
| Kenneth Tan | Kenneth Tan Partnership |
| Soh Wei Chi | Kenneth Tan Partnership |
| Corrine Taylor | Ng Chong and Hue LLC |
| Molly Lim | Wong Tan and Molly Lim LLC |
| Ambrose Chia | Wong Tan and Molly Lim LLC |
| Philip Jeyaretnam | Rodyk and Davidson |
4. Facts
- Beckkett sought an interim injunction restraining the sale of shares in two Indonesian companies.
- The case concerns a coalmine in Indonesia and the value of shares in Adaro and IBT.
- There is a likelihood that the Adaro shares would be disposed of shortly.
- The key factor is the question of the adequacy of damages.
- The court found that damages would be an adequate remedy.
5. Formal Citations
- Beckkett Pte Ltd v Deutsche Bank AG and Another, Suit 326/2004, SIC 2432/2005, 2433/2005, [2005] SGHC 105
6. Timeline
| Date | Event |
|---|---|
| Decision Date |
7. Legal Issues
- Interim Injunction
- Outcome: The court denied the application for an interim injunction.
- Category: Procedural
8. Remedies Sought
- 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 Name | Court | Affirmed | Citation | Jurisdiction | Significance |
|---|---|---|---|---|---|
| No cited cases | |||||
13. Applicable Rules
| Rule Name |
|---|
| No applicable rules |
14. Applicable Statutes
| Statute Name | Jurisdiction |
|---|---|
| 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
16. Subjects
- Injunctions
- Share Sales
- Corporate Disputes
17. Areas of Law
- Civil Procedure
- Injunctions
- Corporate Law