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.


*The contents of this article represent the views of the author alone from a Singapore law perspective and are subject to copyright protection under the laws of the Republic of Singapore (as may from time to time be amended). No part of this article may be reproduced, licensed, sold, published, transmitted, modified, adapted, publicly displayed, broadcast (including storage in any medium by electronic means whether or not transiently for any purpose save as permitted herein) without the prior written permission of the author.

Please note that whilst the information in this article is correct to the best of the author’s knowledge and belief at the time of writing, it is only intended to prove a general guide to the subject matter and should not be treated as a substitute for specific professional advice for any particular course of action as such information may not suit your specific business, operational and/or commercial requirements. You are therefore urged to seek legal advice for your specific situation. All the author’s rights are expressly reserved.

This site uses Akismet to reduce spam. Learn how your comment data is processed.