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THE PALACE OF JUSTICE CIVIL APPEAL NO. P-02-2074-2011 ...

THE PALACE OF JUSTICE CIVIL APPEAL NO. P-02-2074-2011 ...

THE PALACE OF JUSTICE CIVIL APPEAL NO. P-02-2074-2011 ...

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certainly owe a duty of care to the developer, their employer, to<br />

ensure that there would be no undue delay in obtaining the CFOs. In<br />

our judgment, in the light of the contractual arrangements of the<br />

parties, it would not be fair to impose on the defendants a duty of<br />

care to the purchasers with regard to the obtaining of the CFOs. In<br />

our view, on the facts of the present case and, in particular, the<br />

contractual arrangements of the parties, it would be apt to adopt the<br />

following statement in the judgment of the Singapore Court of Appeal<br />

in Man B & W Diesel (at p. 321) –<br />

It is not for the court to help a party, after the event, to improve his<br />

commercial bargain.<br />

Moreover, in the present case, there is another pertinent legal<br />

consideration: we find that the damage suffered by the plaintiffs is<br />

purely financial in nature. The financial loss is not linked to any<br />

personal injury or structural defects or damage to property. None of<br />

the plaintiffs complain of any personal injury or of any structural<br />

defects or damage to his industrial building as a result of the lateness<br />

in obtaining the CFOs or as a result of the manner that the<br />

37

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