Rajah & Tann Singapore, member firm or Rajah & Tann Asia, successfully acted for Credit Suisse Trust Limited in an appeal before the Singapore International Commercial Court involving a complex breach-of-duty case arising from a fraud involving the mismanagement of trust assets exceeding US$1.1 billion. The appeal resulted in a significant reduction of compensation payable by about US$300 million. Senior Partner Lee Eng Beng, SC and Partner Torsten Cheong from the Commercial Litigation Practice and Partner Disa Sim from the Appellate Advocacy Practice led the matter.
Credit Suisse Trust Limited’s successful appeal in US$1.1 billion breach-of-duty case
- Credit Suisse Trust Limited’s successful appeal in US$1.1 billion breach-of-duty case
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