In the case of Valency International Pte Ltd v JSW International Tradecorp Pte Ltd and others and another appeal [2026] SGCA 1, the Singapore Court of Appeal held that instructions to issue delivery orders, without more, did not constitute conversion; the instructions had to be acted upon before any liability could attach. BACKGROUND Valency International Pte Ltd (“Valency”), the claimant in the case, financed the purchase of […]