1) The case involved a dispute over the interpretation of an indemnity clause between CIFG and initial shareholders of a company called Polimet. 2) The Court of Appeal found that the broad wording of the indemnity clause could not be enforced against the initial shareholders when considering the context and structure of the overall agreement. 3) The decision reaffirmed Singapore courts' approval of considering the overall context of an agreement, not just the literal meaning of clauses, when interpreting contracts.