Simpson Marine (SEA) Pte Ltd v Jiacipto Jiaravanon – Singapore Court of Appeal (Andrew Phang Boon Leong, Judith Prakash and Tay Yong Kwang JJA) [2019] SGCA 7 – 23 January 2019

Restitution – Negotiations for purchase of yacht – Prospective buyer paying deposit to yacht dealer – Buyer not proceeding with purchase – Basis on which deposit paid – Whether buyer entitled to return of deposit

In 2013 the respondent (Jiaravanon) was in negotiations with the appellant yacht dealer to purchase one or two yachts from an Italian yacht maker, Azimut Benetti SpA (Azimut). Jiaravanon was considering two models in Azimut’s 100-ft series, the 100 Leonardo (100L) and the 100 Grande (100G).