Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 207

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 207
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 Islands will exercise its discretion in the enforcement of non-money
judgments by having regard to the circumstances, such as considering whether the principles of comity apply. To be treated as final and
conclusive, any relevant judgment must be regarded as res judicata by the Foreign Court. A debt claim on a foreign judgment must
be brought within six years of the date of the judgment, and arrears of interest on a judgment debt cannot be recovered after six years
from the date on which the interest was due. The Cayman Islands courts are unlikely to enforce a judgment obtained from the Foreign Court
under civil liability provisions of U.S. federal securities law if such a judgment is found by the courts of the Cayman Islands to give
rise to obligations to make payments that are penal or punitive in nature. Such a determination has not yet been made by the Grand Court
of the Cayman Islands. A Cayman Islands court may stay enforcement proceedings if concurrent proceedings are being brought elsewhere.
A judgment entered in default of appearance by a defendant who has had notice of the Foreign Court’s intention to proceed may be
final and conclusive notwithstanding that the Foreign Court has power to set aside its own judgment and despite the fact that it may
be subject to an appeal the time-limit for which has not yet expired. The Grand Court of the Cayman Islands may safeguard the defendant’s
rights by granting a stay of execution pending any such appeal and may also grant interim injunctive relief as appropriate for the purpose
of enforcement.

Singapore

In general, the judgment
creditor is responsible for enforcing the order or judgment in all civil claims under Singapore law, and the Singapore Courts will not
be responsible for the commencement of enforcement proceedings. A judgment creditor may enforce an order or judgment through writ of
possession, writ of seizure and sale, writ of delivery and garnishee proceedings. If a party subject to a judgment does not comply with
a court order, the Singapore court may commence committal proceedings, through which the court can determine penalties against such party.
Where a foreign judgment is obtained in a court of law outside of Singapore, the party seeking enforcement may have to register the foreign
judgment with the High Court of Singapore before it can be enforced in Singapore.

With respect to the registration
of a foreign judgment, it is noted that Singapore does not have treaties providing for the reciprocal recognition and enforcement of
judgments of courts with United States. Further, it is unclear if extradition treaties currently in effect between the United States