PROMINENT car and property player Peter Kwee has been ordered to pay about $1.56 million to NSL Resorts International, in a High Court judgment handed down yesterday.
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Mr Kwee last week agreed to settle a dispute with NSL over debts he inherited when he bought the club, but was taken to court when he failed to pay. — BT FILE PHOTO
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The ruling followed a long-running dispute between Mr Kwee, 62, and NSL Resorts which centred on the Laguna National Golf and Country Club, which has more than 3,000 members.
He bought the Tampines club in 2001 by taking over a total of $10 million in debt owed in different amounts to five shareholders – NSL Resorts, CapitaLand Marketing & Property Services, SLI Holdings, LN Golf Holding and Taiyo. Continue reading
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