News & Analysis as of

Liquidation Singapore

Conyers

Cryptocurrency: the Next Chapter in the Valuation Conundrum

Conyers on

Earlier this week, the Singapore High Court handed down a decision concerning cryptocurrency valuation in the context of assessing damages for breach of contract and made some important observations in the process. The Court...more

A&O Shearman

High Court suggests that it should lean in favour of not granting approval for the transfer of shares where the shares are of an...

A&O Shearman on

Under the Insolvency, Restructuring and Dissolution Act 2018, a transfer of shares in a company made after the commencement of winding up of that company by the Court is void unless otherwise ordered by the Court. While this...more

Morgan Lewis

Singapore Introduces ‘Simplified Insolvency Programme’ for Micro and Small Companies

Morgan Lewis on

Micro and small companies will be able to use a “Simplified Insolvency Programme” to be introduced by proposed amendments to Singapore’s Insolvency, Restructuring, and Dissolution Act 2018 (IRDA)....more

White & Case LLP

Singapore’s omnibus insolvency legislation

White & Case LLP on

The Insolvency, Restructuring and Dissolution Act 2018 (the "IRDA") came into force on 30 July 2020. The consolidation of all personal and corporate insolvency and debt restructuring legislation into a single statute, along...more

White & Case LLP

Trending: Legal protection for cryptoasset stakeholders

White & Case LLP on

Recent decisions in Singapore and New Zealand confirm that the courts are prepared to act to provide greater certainty and support to stakeholders in cryptoassets....more

White & Case LLP

The Construction Industry, Insolvency and Directors’ Liabilities

White & Case LLP on

A Singaporean construction company in liquidation has successfully sued one of its former directors for failing to act in the best interests of the company, highlighting the importance of directors being aware of, and...more

White & Case LLP

Liquidated damages in energy projects

White & Case LLP on

In a noteworthy decision to participants in the energy industry, the High Court of England & Wales examined what constitutes a valid liquidated damages clause in the event of delayed completion of a solar project. And last...more

Akin Gump Strauss Hauer & Feld LLP

In the Matter of CW Advanced Technologies Limited – An Intriguing Decision in Hong Kong Concerning Cross-border Insolvencies and...

• The High Court of Hong Kong has handed down an intriguing insolvency and restructuring decision which reaffirms the Hong Kong court’s pragmatic approach to cross-border restructuring. The decision addresses, for the first...more

A&O Shearman

Moratorium Over Singapore Proceedings Against Bermudan Company Granted

A&O Shearman on

Pacific Andes Resources Development Ltd [2016] SGHC 210 (27 September 2016) involved an application under section 210(10) of the Companies Act for the restructuring of, among others, a Bermudan company listed in Singapore and...more

Morgan Lewis

One of the Largest Member Clubs in Singapore Is Liquidated

Morgan Lewis on

California Fitness’s closure has left many consumers who have purchased prepaid packages without any remedies. On 20 July, California Fitness, which was once fronted by action movie star Jackie Chan, announced that it...more

A&O Shearman

Grant of Security May Be Avoided as a Transaction at an Undervalue?

A&O Shearman on

The recent case of Encus International Pte Ltd v Tenacious Investment Pte Ltd & Ors [2016] SGHC 50 (Singapore, High Court, 31 March 2016) has implications for lenders which are especially pertinent in the face of the current...more

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