The world’s largest luxurious watch funding automobile – WatchFund’s founder Dominic Khoo wins misrepresentation fees towards all 4 Hong Kong businessmen and firm MCA
SINGAPORE – Media OutReach Newswire – 1 Could 2024 – Dominic Khoo, founding father of WatchFund, a multi-award-winning different funding agency, has received the misrepresentation trial towards the plaintiffs in court docket.
On 30 April 2024, after a trial spanning 12 days, the Singapore Excessive Court docket dismissed the claims of fraudulent and negligent misrepresentation made by Plaintiffs Ben Wong, Liew Edmund Ket Vui, Wong Tim Fuk Gary, Wong Nga Kok (aka Jacob Wong) and finance firm MCA, towards Dominic Khoo and WatchFund Hong Kong (an organization that labored completely with Innovest an affiliate of MCA), in respect of funding agreements signed between September 2018 and August 2019.
Regardless of the proof of witnesses similar to Wong Ben, Liew Edmund Ket Vui, Wong Nga Kok, Yung Choi Ha in addition to the associates of Innovest / MCA (the HK corporations which liaised with Watchfund HK), similar to Fung Ka Lok Adams (aka Jowin Fung), Wong Yan Kei Christine, Yu Lok Man (aka Leon Yu), the Singapore Excessive Court docket disbelieved their proof. The Court docket discovered that they “couldn’t have relied on Mr. Dominic Khoo’s Oral Representations as a result of Mr. Dominic Khoo had solely met them after they executed their Disputed IAs”. Most significantly, the plaintiffs have “produced no proof to exhibit the falsity of the representations that underlie their case”. It was additionally decided that Mr. Khoo didn’t make false representations of truth, nor did the plaintiffs endure injury because of any alleged misrepresentations. Mr. Khoo efficiently defended these claims together with his attorneys, Dentons Rodyk & Davidson LLP led by Mr. Zhulkarnain Abdul Rahim.
Mr. Khoo mentioned, “We’re delighted to have been confirmed to be harmless and cleared of all fees of misrepresentation. We have now been trusted as a steward for our buyers as a fund supervisor with unparalleled experience for this asset class that has outperformed different different investments over the previous 10 years.”
Mr. Khoo added, “A longtime shopper of WatchFund mentioned 4 years and $600-800k in bills is a very long time and some huge cash to show ideas! I agree with American poet Invoice Bernbach, when he mentioned that “It’s not a precept till it prices you cash.”
Mr. Khoo’s triumph in right this moment’s authorized proceedings, the place he prevailed towards allegations of misrepresentation, unequivocally validates his integrity, and reinforces his dedication to reality and equity in all his dealings.
WatchFund has been featured in Bloomberg, The New York Occasions, Forbes, Monetary Occasions and different worldwide media for its different funding mannequin and returns leveraging luxurious timepieces.
WatchFund’s totally aligned investor mannequin backs its distinctive proposition – giving buyers as much as double collateral primarily based on the timepieces they maintain as their funding grows. The agency’s notable purchasers embody Extremely Excessive-Internet Price people, Worldwide Celebrities in addition to Royalty, who’ve counseled WatchFund for delivering constantly robust returns, even amid financial uncertainty.
Spearheading WatchFund is Dominic Khoo, the agency’s founder and one in all Asia’s few licensed watch consultants. Khoo began his formal coaching as a watch knowledgeable in 2006 with the world’s greatest watch public sale home Antiquorum, and is now shareholder of Swiss watch manufactures, luxurious distributors, retail retailers and different end-customer targeted companies in the identical sphere.
Previous to different investments, Dominic was a famend skilled photographer and was nominated, alongside his idol, Annie Leibovitz, for Asia Pacific Photographer of the Yr. He was additionally the youngest recipient of Singapore Nationwide Heritage Board’s “Patron of Heritage” award, and initiated the charity challenge “Pure” in 2007 that raised S$300,000 in donations that got to beneficiaries in full, with out donors having to cowl prices.
Hashtag: #WatchFund #DominicKhoo
https://watchfund.com/
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