Background: Glenn Lim Lee loaned UpMeals $256,300, drawn from his home equity line of credit, to pay for a lease deposit. The terms included a floating interest rate of prime plus 5%. Lee arranged a $500,000 loan for UpMeals from his mother-in-law, Susana Du, at 8% per annum simple interest. UpMeals did not repay this loan within the agreed three-month term.

Legal Issues:

• Whether the funds advanced by Lee were a loan or a capital investment.
• The terms and conditions of repayment, specifically whether the loan was repayable on demand.
• Disputes over compensation and the alleged agreement of share transfer to Lee.

Held: The court granted judgment in favor of Glenn Lim Lee for $254,300 plus contractual interest based on the prime rate plus 5%. The court awarded Lee his costs at scale B for the Lease Deposit Action but did not award solicitor-client costs. The court also ordered that four remaining actions be tried together.

Costs/Damages Awarded: $254,300 plus contractual interest in favor of Glenn Lim Lee.