For easy reference, I will also refer to these warehouses as “Fujitrans warehouses”.ĥ CL treated the 45 purchases mentioned above as 13 groups of transactions. This warehouse was on the first floor or ground floor, as it was sometimes called, and was used exclusively for Fujitrans. Therefore, in March 2002, it leased another warehouse from PSA, namely, Block 519, #01-105 in the same Keppel Distripark. As the cargo stored for Fujitrans was increasing, Rong De was concerned about the weight thereof on the second storey of Block 513. Block 513, however, was also used to store cargo from other entities. In late 2000, one Lim Tau Hee (“Lim”), a warehouse manager of Fujitrans, approached Rong De to provide packing, unpacking and storage services for Fujitrans.

From January 2000, Rong De operated a warehouse at Block 513, Keppel Distripark, #02-108, at Kampong Bahru, Singapore.

Rong De was in the warehousing and transhipment business. I should clarify that the warehouses were leased from PSA Corporation Limited (“PSA”) by a company known as Rong De Distribution Pte Ltd (“Rong De”). These 158 transactions included 45 purchase transactions relating to metals in warehouses supposedly operated by Fujitrans (Singapore) Pte Ltd (“Fujitrans”).Ĥ The parties have referred to these warehouses as Fujitrans or Rong De warehouses. During this period, there were 158 transactions between CLRD and RBG regarding the purchase of metals in various locations around the world. The transactions between RBG and CLRD were between October 2001 to April 2002. This division trades in various commodities, including metal. Subsequently, from October 2001, RBG entered into metal trading with a division of CL called Credit Lyonnais Rouse Derivatives (“CLRD”). CLR was at all material times a wholly-owned subsidiary of CL and a ring-dealing member of the London Metal Exchange (“LME”). It changed its name to Allied Deals plc on 17 July 1996 and then to RBG Resources plc on 17 September 2001.ģ RBG (then known as Allied Deals plc) became a customer of Credit Lyonnais Rouse Ltd (“CLR”) in 1998. CL’s claim is resisted by the liquidators of RBG who, in turn, have made a claim against CL for conversion of metals owned by RBG.Ģ RBG was known by the name of Impactworld plc on incorporation. The present action involves a claim by the second defendant, Credit Lyonnais (“CL”), a bank incorporated in England, to various metals stored in warehouses in Singapore.

It was placed in compulsory liquidation in England on 12 June 2002. 1 The plaintiff, RBG Resources plc (“RBG”), is a public limited company incorporated in England.

C steinweg copper cathode warehouse