Enforcing Foreign Non-Monetary Judgments In Singapore
Enforcing Foreign Interlocutory Judgments or Injunctive Relief In Singapore
Schemes of Arrangement: Threshold of Disclosure When Seeking Leave to Call a Scheme Meeting
The recent Singapore Court of Appeal judgment in Pathfinder Strategic Credit LP v Empire Capital Resources Pte Ltd [2019] SGCA 29 (the “Judgment“) – accessible here – is a timely reminder of a corporate debtor’s obligations when applying to restructure its debts under Singapore’s Companies Act (the “Act“). […]
Income Earned From Illegal Employment In Singapore Is Subject To Income Tax
Income earned in Singapore is subject to income tax, notwithstanding that the income was derived from an illegal employment agreement (in this case the lack of a relevant work pass entitling the employee to work in Singapore).
Winding Up To Unlock Deadlock: A Cautionary Tale
A case commentary on the Singapore Court of Appeal decision in Perennial (Capitol) Pte Ltd and Anor v Capitol Investment Holdings Pte Ltd and Ors [2018] SGCA 11, as well as certain legal and practical takeaways.
Getting The Deal Through: Insolvency & Restructuring 2018
Getting The Deal Through: Insolvency & Restructuring 2018
Case Commentary: Perennial (Capitol) Pte Ltd and Anor v Capitol Investment Holdings Pte Ltd and Ors [2018] SGCA 11 [Insolvency Law] [Just & Equitable Winding Up Applications] [Shareholders’ Disputes] [Management / Shareholder Deadlock]
A review of – and commentary concerning – the Singapore Court of Appeal’s decision in Perennial (Capitol) Pte Ltd and Anor v Capitol Investment Holdings Pte Ltd and Ors [2018] SGCA 11, concerning what constitutes “deadlock” in the context of an application to wind up a company on just and equitable grounds where shareholders have fallen out.
Contingent Liabilities As A Basis For The Composition of Debts [Insolvency Law] [Restructuring] [Company Law] [Companies Act] [Statutory Interpretation]
In the freshly released judgment in Re Empire Capital Resources Pte Ltd [2018] SGHC 36, the Singapore High Court reiterated that a scheme of arrangement under Singapore law could lawfully release third-party claims, i.e. the creditors’ claims against entities / persons other than (or in addition to) the […]
Re-Domicile to Restructure – “Good Forum Shopping” ?
As of 11 October 2017, foreign companies meeting the relevant criteria may “re-domicile” in Singapore, effectively becoming Singapore companies. This is in line with the amendments to the Companies Act made earlier in March this year. Apart from the consequences of re-domiciliation highlighted in the Business Times article […]
Staying a Winding Up Application Based On An Adjudication Award [Insolvency Law] [Construction Law]
Executive Summary In the unreported Singapore High Court decision in Strategic Construction Pte Ltd v JH Projects Pte Ltd [2017] SGHC 238 (the “Judgment”) (available on Singapore Law Watch here), the Singapore Court considered whether to stay a winding up application brought by the Plaintiff (“SCPL”) against the […]
Critical Considerations For Financially Beleaguered Companies Making Repayments Prior To Insolvency [Insolvency and Company Law]
A summary of the transactions entered into by a company (pre-insolvency) which may be subject to challenge by a liquidator of an insolvent company under Singapore law.