Ann: Proceedings Clarification , page-4

Both are correct.

Please read the Judgement conclusion;

121 "The court has jurisdiction to make the Freezing Orders. RSC O 52A r 5(1)(b)(ii), to the extent that it authorises the court to make freezing orders in aid of proceedings on a cause of action being tried in Singapore, is within the inherent jurisdiction of the court, and is authorised by the rule making power in s 167(1)(a) of the Supreme Court Act and s 17 of the Foreign Judgments Act. Bayan's claims for relief in CIV 2139 of 2012 must be dismissed."

122 "On the basis that BCBCS maintains its undertaking and security for that undertaking in the sum of $2 million, the Freezing Orders should be continued until further order with par 12(a)(i) of the order being varied to provide that the order will cease to have effect if Bayan pays the sum of
$52 million into court. The freezing orders against Kangaroo Resources"
should not be continued."


http://decisions.justice.wa.gov.au/Supreme/supdcsn.nsf/PDFJudgments-WebVw/2013WASC0239/$FILE/2013WASC0239.pdf