UBS SWITZERLAND AG V KOCH SHIPPING PTE LTD AND ANOTHER

[2025] SGHCR 34, General Division of the High Court, Assistant Registrar Gerome Goh Teng Jun, 1 October 2025

Jurisdiction – Forum non conveniens – Clearly the more appropriate forum – Tort of conversion – Applicable law

UBS had granted a trade facility to its customer Gulf Petrochem, first in 2017 and updated thereafter. The trade facility provided that Swiss law was to apply.