As for a conditional stay of execution, the court may consider the likelihood of success of the appeal: Axis Megalink Sdn Bhd v Far East Mining Pte Ltd [2024] SGHC 47 at [13], citing Prof Jeffry Pinsler SC, Singapore Court Practice 2017 (LexisNexis, 2017) at para 57/15/3. The claimants’ appeal faces significant procedural and substantive weaknesses that, in my view, render it without merit. The inducement of breach of contract claim is fundamentally misconceived — it requires the court to find that Vuulr breached its contractual obligations, yet Vuulr is not a party to these proceedings. As I held in my judgment, one cannot find that a director induced a breach of contract without first establishing that the company breached the contract.