Aggrieved Laguna noteholders to launch class-action suit against Peter Kwee this month

OVER 200 aggrieved debenture holders and pioneer members of the Laguna National golf club have raised about S$1.1 million to launch a collective action suit against the club and its owner Peter Kwee.

Lim How Teck, who chairs a committee building the noteholders' case, said he will be among the 5 members acting as representative plaintiffs. The suit will be launched "no later than end January 2022", he told The Business Times on Wednesday (Jan 5), after a meeting with about 120 noteholders where he presented this proposal.

Their intended defendants are Kwee and his two companies, Laguna National Golf and Country Club, as well as Laguna Hotel Holdings.