Uy v Ng (No 2)

The case of Uy v Ng (No 2) involved a dispute concerning a construction loan of $27.5 million. The borrower had defaulted on the loan, and a guarantor had agreed to pay $1 million to settle the debt. The plaintiff, who was allegedly owed a commission for facilitating the loan, claimed that there was an oral agreement to pay him $500,000 in commission and that $800,000 of the $1 million payment should be held on trust for him. The defendant denied these claims, leading to the dispute being heard by the court. The primary legal issues the court had to decide were whether an oral agreement for commission payment existed and whether the $800,000 was to be held on trust for the plaintiff.

The court examined the evidence and found no basis for an oral agreement to pay the $500,000 commission. The plaintiff did not provide sufficient evidence to support this claim, and the court concluded that no such agreement was made. Regarding the $800,000, the court found that there was no agreement between the parties to hold this amount on trust for the plaintiff. The evidence did not support the plaintiff's assertion that an oral agreement was made to this effect. Consequently, the court dismissed the plaintiff's claims, finding that no principle was in question.

The final orders of the court were that the plaintiff's claims were dismissed in their entirety. The court found that there was no established oral agreement for the commission payment or for holding the $800,000 on trust. The defendant was not required to pay the plaintiff any amount, and the claims were dismissed without any costs order against the plaintiff.