Salve’s Ap­pear­ance: Singh Bros may Ap­peal Against S’pore Rul­ing

The Economic Times - - Economy: Macro, Micro & More - Our Bureau

New Delhi: Malvin­der and Shivin­der Singh are mulling all the le­gal op­tions open to them af­ter the Sin­ga­pore Supreme Court set aside a plea to per­mit se­nior ad­vo­cate Har­ish Salve to ar­gue on be­half of them in the case against Dai­ichi Sankyo.

“The or­der is chal­lenge­able be­fore the Court of Ap­peal and we are tak­ing le­gal ad­vice on fil­ing an ap­peal against the or­der of the sin­gle bench,” a state­ment is­sued on be­half of the Singh brothers to ET­said.

“The ap­pli­ca­tion was sup­ported by the Sin­ga­pore AG’s of­fice but op­posed by Dai­ichi. The court in the sin­gle bench has re­jected our ap­pli­ca­tion,” the state­ment said.

As per reg­u­lar Sin­ga­pore court pro­ce­dure, any ap­pear­ance of for­eign coun­sel is re­quired to be specif­i­cally ap­proved by the court. ET had re­ported on Wed­nes­day that the Sin­ga­pore court had re­fused to make an ex­cep­tion to al­low Salve to ar­gue the case for set­ting aside an over $500-mil­lion award in favour of Dai­ichi for con­ceal­ing the ex­tent of Ran­baxy’s reg­u­la­tory trou­bles be­fore the buy-out.

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