Powered by Lexis+®
Jurisdiction(s):
United Kingdom

Singapore International Commercial Court grants worldwide Mareva injunction supporting New York-seated arbitration, clarifying IAA s 12A(3) where ex parte emergency relief unavailable (Novo Nordisk v KBP)

Published on: 07 March 2025

Published by a LexisNexis Arbitration expert
Legal News
imgtext
Article summary

Novo Nordisk A/S v KBP Biosciences Pte Ltd & Another [2025] SGHC(I) 3

What are the practical implications of this case?

As with many arbitration statutes, the IAA aims to balance two objectives: enabling national courts to issue interim relief that supports arbitrations, while firmly upholding restrained judicial oversight. Section 12A embodies this equilibrium by stipulating that the Singapore court may grant such relief only where, and to the extent that, the arbitral tribunal—or any arbitral or other body or individual given authority by the parties for that purpose, including an emergency arbitrator—has no power or is, for the time being, unable to act effectively. The decision in Novo Nordisk underscores that section 12A is especially valuable when recourse to an emergency arbitrator is not realistically available, whether owing to the procedural posture of the request (for example, where an order is sought without notifying the opposing party) or due to the character of the relief sought (for example, where that remedy is unavailable under the law of the seat, or from the courts at the seat). Consequently, section 12A serves as a safeguard for truly urgent measures in such circumstances...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow