{"issue_text":"Whether a judgment debt expressed in USD can be discharged by payment in RTGS at 1:1 conversion rate under SI 33/2019","issue_type":"law","dispositive":"yes","related_facts":"Acknowledgement of debt signed before SI 33/2019 effective date, summary judgment in USD"}
{"issue_text":"Whether defendant's liability has been discharged given the payments made","issue_type":"mixed","dispositive":"yes","related_facts":"Total payments of RTGS $1,775,347 vs debt of RTGS $384,177 at 1:1 rate"}
{"issue_text":"Whether civil imprisonment is appropriate given the discharge of debt","issue_type":"procedural","dispositive":"yes","related_facts":"Debt discharge finding makes civil imprisonment application moot"}
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Facts of the Case
Background
Plaintiff obtained summary judgment against defendant for US$387,177. Defendant paid RTGS $384,177 and had assets sold for RTGS $1,391,230, totaling RTGS $1,775,347. Defendant argued the debt should be discharged at 1:1 USD to RTGS conversion rate under SI 33/2019.
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