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Hin Leong’s US$2.6 billion claim against Deloitte struck out by apex court

The auditor is not liable for trading losses incurred by the company from November 2015 to mid-April 2020

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Tay Peck Gek

Tay Peck Gek

Published Fri, Jul 17, 2026 · 07:30 AM
    • The Court of Appeal has determined that Hin Leong’s trading losses were “not reasonably foreseeable” by Deloitte when it undertook the engagement.
    • The Court of Appeal has determined that Hin Leong’s trading losses were “not reasonably foreseeable” by Deloitte when it undertook the engagement. PHOTO: BT FILE

    [SINGAPORE] The apex court of Singapore has struck out insolvent oil trader Hin Leong Trading’s largest claim of US$2.6 billion against its former external auditor.

    A five-judge Court of Appeal on Thursday (Jul 16) allowed an appeal by Deloitte & Touche that arose from a pre-trial application to strike out Hin Leong’s claim for trading losses.

    The decision leaves Hin Leong with two remaining claims:

    AuditLawsuitsOK LimHin LeongDeloitte

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