Commentary

If the Singapore High Court was prepared to recognise the Japanese liquidators of BVI-incorporated entities in the unreported decision of Re Opti-Medix Ltd (in liquidation) and anor matter [2016] SGHC 108, it’s difficult to see why the Court would not lend its assistance in this situation.

Japan govt agency seeks $570m from man who hid assets here

Source: Straits Times

Date: 13 Oct 2016

Author: K.C. VIJAYAN

Japanese debt collectors seeking to recover 43 billion yen (S$570 million) in housing loan debts have applied to seize funds placed in several banks here, traced to a Japanese company director who guaranteed the loans.

The full article is published here.

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