A significant win for our Firm and Marine Insurance Practice after 8 years of hard fought battles
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The Singapore Court of Appeal delivered its decision in the case of the “TERAS LYZA” today, allowing our hull insurer clients’ appeal in this complex marine hull claim. The decision has been published as Argoglobal Underwriting Asia Pacific Pte Ltd v Oversea-Chinese Banking Corp Ltd [2026] SGCA 14.
The case had its origins in 2018, when the vessel capsized during a tow voyage and was subsequently scuttled off the Philippines. The insured mounted a claim exceeding US$70 million under the hull and machinery policy, asserting that the vessel was lost by perils of the seas and was a constructive total loss. The matter proceeded to a full trial before the High Court, which ruled against our clients. Our clients appealed, and the Court of Appeal ruled in their favour.
We are proud of the team Wai Yue Loh 劳玮裕, John Seow, Prakash Nair, Glenn O, and Martin Lee for their strong dedication to the case! From the casualty in 2018 to judgment in 2026, it was an eight-year fight involving complex expert evidence, intricate questions of marine insurance law, and a full appellate process. The result is a reflection of the dedication and hard work put in by the team throughout.
Supervisor and Buddy
From Day 1 of your training, you will work closely with your supervisor (a Director) and your buddy (an Associate or Senior Associate). They will be responsible for your professional growth and development with a view to grooming you into a great lawyer.
You will have regular appraisal meetings (every three months) with your Director as well as the Recruitment Directors to review your progress, discuss any challenges encountered during your training, and set out training milestones.
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