20 Apr '17, 9pm

Apex court says no to art dispute being heard here

A US$1 billion (S$1.4 billion) lawsuit brought in the Singapore courts by a Russian oligarch involving his collection of artwork by artists such as Leonardo Da Vinci and Pablo Picasso, has been stopped in its tracks. The Court of Appeal ruled yesterday that the art deal dispute between fertiliser magnate Dmitry Rybolovlev and Swiss freeport king Yves Bouvier should be heard in Switzerland and not here. The judgment overturned an earlier outcome in March last year in which the judge dismissed an application to stay the suit on the grounds that Singapore was not the appropriate forum. The judge went on to urge the parties to agree to transfer the case to the Singapore International Commercial Court. Chief Justice Sundaresh Menon, in a written judgment on Tuesday, said: "In our view, the tenor, form and substance of the parties' dealings were intimately tied up with Switzerla...

Full article: http://www.straitstimes.com/singapore/apex-court-says-no-...

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