Member Info for Chaebol

Although the latest statement may reveal why you put a holiday let as your residence on your dodgy trading notes lol

Back to that, amazed how much triggering went on with those stmnts.......you are truly special

Triggered totally, you just confirmed it.

YOu cant welch on arbitration ffs.

You have to agree to it playing out thats the point of arbitration ffs!

Zheng and choo might even get a stay of proceedings to keep it in arb

Oh jesus im glad i trigger you.

Hers another trigger i dont just live in the uk you berk..........2nd trigger i dont pay tax............meaing 183 days of the year im out of the uk and thats why im always going places, right now im just chilling at my home outside of the UK.

I hope that triggers the fook out of you.

Understand the nuance im trying to work out why GST have shifted from SIAC to a high court.

YOu are thick as a brick ! so if semnet former owners refuse to pay filings , gst have to pay it ! do you get it now or do i really need to spell it out simply for you.

You really are just thick !

Yes......... i am not back in the uk until Sunday but that doesn't mean i am on holiday NOW does it.

He asked a question when I was back in the UK, I am back Sunday, clear?

High bar on words...... you should apply this to the bod BFD.

Deposit Requirements: SIAC requires parties to pay significant "advances on costs" (deposits) based on the claim value. For a $4.2M claim, these deposits can be substantial. If the other party refuses to pay their half of the deposit, GST would have to "double up" to keep the SIAC case alive.

Capital Allocation: As you noted, the S$100k–S$200k retainer for a court case is "dead capital," but at least in the High Court, you aren't paying for the "judge's salary" (the arbitrator's fees) in the same way you do in private arbitration.

The company has lost 75 percent since July and im being negative x;)

But I know what that makes you BFD!

I was on holiday last week and over the weekend. Today is Friday and its 5 days later, so youre guessing again that I'm on holiday x;)

Rent now i reckon.

Nope ! who told you they walked away, they failed and then its down to the SIAC to make a judgement anyway. thats why they go to arbitration.

Mutual Consent Required: Once both parties have formally signed up for arbitration, neither can typically withdraw without the consent of the other.

Unconditional Right to Trial: If a claim is withdrawn, the other party may have an unconditional right to request that the claim still be tried to prevent the claimant from repeatedly bringing the same claim.

They could have waited for SIAC to make judgement its ridiculous and could have had finality.

No one knows for sure BFD but we dont need to be geniuses to know legal battles are costly.

100-200k is not outlandsih for something like this !

I know numbers are difficult for you BFD.

I'll space it out.............. 100 (one hundred) to 200 (two hundred) thousand sing dollars for the 4.2 million case and who knows on the arbitration costs.

Money that should be used for growth instead of this rubbish !

Clear?

Why didnt GST Just let the SIAC complete its ruling?

Procedural Finality: In Singapore, challenging an arbitral award is extremely difficult; courts rarely intervene in SIAC decisions unless there is a grave breach of natural justice. If GST felt the SIAC process was trending unfavourably or was too restrictive, moving to the High Court offers a more traditional appeals process (to the Court of Appeal).

I would hazard a guess when GST writs were issued they paid some form of retainer or deposit then BFD 100k 200k ? its money that should be utilised elsewhere not trying to claim back funds from an insider buy.

NO gtee the judge awards legal costs to you either if you win ! especially if the court feels overreach was applied.

Whether SIAC can still rule after a party attempts to pull out depends on the stage of the proceedings and the response of the other party:

Mutual Consent Required: Once both parties have formally signed up for arbitration, neither can typically withdraw without the consent of the other.

Unconditional Right to Trial: If a claim is withdrawn, the other party may have an unconditional right to request that the claim still be tried to prevent the claimant from repeatedly bringing the same claim.

Competence-Competence: Under SIAC Rule 28, the tribunal has the direct competence to rule on its own jurisdiction. If one party objects to the arbitration proceeding, the SIAC Court first determines on a prima facie basis if the arbitration should continue.

Early Dismissal: Under Rule 47 (SIAC Rules 2025), a party can apply for early dismissal if they believe a claim is "manifestly without legal merit" or "manifestly outside the jurisdiction" of the tribunal.

You carry on BFD. To pursue a case will be costly I would imagine they have already spent a lot just at this point with the failed arbitration.

For a S$4.2 million claim in the General Division of the High Court, costs scale significantly because the claim value exceeds S$1 million. You can project expenses across four main categories:

1. Official Court Filing Fees

These are fixed by the Singapore Judiciary for claims over S$1 million:

Writ of Summons: S$500 to file the originating process.

Statement of Claim: S$200.

Affidavits: S$2 per page (minimum S$50 per document).

Summons for Directions: S$200.

Singapore Courts

Singapore Courts

+3

2. Hearing Fees (The "Trial Clock")

Hearings are charged daily after an initial free period. Since your claim is >S$1 million, the rates are:

Singapore Courts

Singapore Courts

+1

Days 1–3: Free.

Day 4: S$9,000.

Day 5: S$3,000.

Days 6–10: S$5,000 per day.

Day 11 onwards: S$7,000 per day.

3. Estimated Legal Professional Fees

While actual fees depend on your agreement with a firm, industry benchmarks for a S$5 million claim suggests professional fees could be approximately S$98,000 for the entire trial process. Hourly rates for senior practitioners in Singapore typically range from S$975 to S$1,195.

LinkedIn

LinkedIn

+1

4. Tactical & Recovery Considerations

Cost Recovery: If you win, the court may order the former sellers to pay your "party-and-party" costs. For high-value claims, these are often assessed based on complexity rather than a simple percentage.

Writ of Seizure and Sale (WSS): If you win but the sellers don't pay, filing a WSS to seize assets for a claim >S$1M costs S$1,000 in filing fees, plus a S$400 minimum deposit and bailiff fees of S$100/hour.

GST on Costs: You must account for GST (currently 9%) on your own lawyer’s fees and most disbursements

The bar on our words is so high, I am amazed the rampers do not scrutinise the BOD words with the same high standards x;) Series of podcasts....... huge pr campaign...............zero lol and what makes me laugh is I think they have the EMI failure already but they can kick it down the road, as long as they dont buy or give up any info about it, they are within the rules. Lord wont even talk about EMI now lol legends ! ongoing wegulatowy processes lol

If they had only held the BOD to the same type of scrutiny they have placed in users like myself Kat, Arthur, SuperMouse, and anyone else that said a negative opinion...........perhaps they wouldn't now be in this peril, and blaming us for being in a 5hit company.

I just hope 2026 is the year Jack can make a post on the benefits of GST and not me.

Lol I get it billy you ahve 100 million shares lol and no matter what hapepesn you cant say anything bad about the company I get it, really you shouldnt be piosting here at all wiht your delusion, but it is what it is.

Small claim courts ppi man youre getting desperate, FWIW i think zheng and choo counter suer and pay less than 1.1 million. You think otherwise because I dont think your ownership can lead you anywhere negative with this.

I hope your daughter sees the light if she is truly independent and finds the exit ! chrimbos could be fun round your house in the future x;) Heres some GST fridge magnets dad they cost 800 grand lol

How twee.

Are you bragging about "arbitration" stalling. GST already tried mediation/arbitration in December—and it failed. That is why you are in the High Court now. GST has already played and lost at arbitration. We are now in the "Big Boys" court where the "Loser Pays" rule applies to legal costs.

The Bottom Line:

If you think Merv and Choo are going to "fold" because they’re scared or panicked, you’re deluded. GST is currently burning huge amounts on legal to fight this. And all in the public domain so sentiment carries on getting smashed awesome !

Its definitely the other way round x;) I can only imagine the rage especially as this gets lower and far worse!

Abuse mock block unblock abuse mock block unblock, and repeat...........All the rampers seem to have got that illness at some point.......I hope they recover !

GLA

Lol In one RNS they agreed in the mediation and in the other they did not.

whats this 22% mayhem youre going on about ?

And the remaing 22% they own

what?