Business in Singapore /Expats

silverskydistribution New member

Member since 06 July 2023

silverskydistributionNew member06 July 2023 18:35:28

Hi All,

We have been dealing with a company

XXXX in Singapore.

The CEO Mr YYYY (British Citizen)

We brought buyer and seller together for a commercial deal.

Deal was concluded end May 2023.

To date above company Northernray and CEO Mr YYYY has not paid the parties involved. We all have signed fee agreements.

What is the best way to report above business and individual to all business and forum groups.

beppi Germany/Singapore Expert

Member since 08 August 2010

Germany & Singapore Expert

beppiGermany/Singapore Expert06 July 2023 19:42:59

15584

I have removed the names of company and owner in your post above, because we have no way of verifying what you say - and it could be slanderous if untrue.

If you had a commercial contract with this company and they did not fulfill their part of it (payment), then this is a matter for the courts. You should consult your lawyer, not an Internet forum!

silverskydistribution New member

Member since 06 July 2023

silverskydistributionNew member07 July 2023 05:38:02

Thank you. Definitely true but I get what you say.

Tough to chase money in SNG when all the parties he owes money stay in other parts of the world and will cost a fortune and take forever to get this sorted.

Appreciate

beppi Germany/Singapore Expert

Member since 08 August 2010

Germany & Singapore Expert

beppiGermany/Singapore Expert07 July 2023 06:53:34

15584

@silverskydistribution Yes, it is much more costly and risky to pursue legal cases abroad.

Many businesses prefer local partners - and in international contracts at least state that their own country's jurisdiction applies. You are currently learning why! Maybe it is better to write this debt off and put it under "lessons learned"?