Lloyd's Law Reports Plus

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

DA HUI SHIPPING (PTE) LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) v AN RONG SHIPPING PTE LTD (IN LIQUIDATION)

[2025] Lloyd's Rep. Plus 85

HIGH COURT OF THE REPUBLIC OF SINGAPORE

Before Justice S Mohan

Ship mortgages – Ship mortgages granted to lender – Borrower having repaid more than its share of bank loan – Contribution from co-debtor – Subrogation – Subrogation to extinguished securities in equity – Rights following ship arrest and sale – Restitution – Unjust enrichment – Mercantile Law Amendment Act 1856 (2020 Rev Ed), section 2.

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