Singapore High Court Finds Co-Mortgagors in “All-Moneys” Mortgage Jointly and Severally Liable for Debts Incurred by Each of Them Singly

24 Aug 2020 CaseWatch

The Singapore High Court has, in a significant decision, construed the language of an “all-moneys” clause in a mortgage executed by two co-mortgagors for the purpose of purchasing a property as being broad enough for one co-mortgagor to be jointly and severally liable for judgment debt incurred by the other co-mortgagor: Oversea-Chinese Banking Corp Ltd v Lim Sor Choo [2020] SGHC 116 (“OCBC”).

This update examines the High Court’s decision in OCBC.

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