Category: Restructuring & Rescue
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![The Judicial Management of Swissco Holdings Limited [Insolvency & Restructuring Law]](https://alexanderpang.com/wp-content/uploads/2017/04/23828155731_5a6f369bd6_k.jpg?w=1024)
The Judicial Management of Swissco Holdings Limited [Insolvency & Restructuring Law]
Swissco Holdings Limited (“Swissco“) was officially placed in judicial management on 21 April 2017. Messrs Angela Ee and Purandar Rao of Ernst & Young – previously the interim judicial managers – have now been appointed as permanent Judicial Managers (“JMs“). Generally, there are one or more of three (3) reasons why a company is placed…
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![Part 3 – Conclusion: “Brand Singapore” as an International Debt Restructuring Hub [Insolvency & Restructuring Law]](https://alexanderpang.com/wp-content/uploads/2017/04/14973628633_a127966fe4_k.jpg?w=1024)
Part 3 – Conclusion: “Brand Singapore” as an International Debt Restructuring Hub [Insolvency & Restructuring Law]
*Originally published on LinkedIn here. Certain further amendments and changes to the content have been made. At the INSOL 2017 Congress, one of the hot topics was the upcoming legislative amendments to Singapore’s Companies Act, coming into effect this 31 March 2017 videthe Companies (Amendment) Bill 2017 (the “Bill“). It would not be an understatement…
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![Part 2: Building “Brand Singapore” as an International Debt-Restructuring Hub [Insolvency & Restructuring Law]](https://alexanderpang.com/wp-content/uploads/2017/02/15438830338_6273a91de8_k.jpg?w=1024)
Part 2: Building “Brand Singapore” as an International Debt-Restructuring Hub [Insolvency & Restructuring Law]
*Originally published on LinkedIn here. Certain further amendments and changes to the content may have been made. [A] Adopting the Guidelines for Communication and Cooperation between Courts in Cross-Border Insolvency Matters On 1 February 2017, the Singapore Supreme Court and the US Bankruptcy Court for the District of Delaware, announced that the respective Courts would…
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![Part 1: Building “Brand Singapore” as an International Hub for Debt Restructuring (Part 1) [Insolvency & Restructuring Law]](https://alexanderpang.com/wp-content/uploads/2017/04/16965249491_c0d14d4b4e_k.jpg?w=1024)
Part 1: Building “Brand Singapore” as an International Hub for Debt Restructuring (Part 1) [Insolvency & Restructuring Law]
Introduction The landmark decision of the Singapore High Court inRe Pacific Andes Resources Development Ltd and other matters [2016] SGHC 210 (“Re PARD” or the “Judgment“) is demonstrative of the present attitude and policy objectives of the Singapore Courts towards creating an environment conducive to cross-border restructuring. A link to a soft copy of the…
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![Invoking The Inherent Jurisdiction Of The Singapore Court In Aid Of Foreign Restructuring Proceedings [Insolvency Law] [Cross-Border Jurisprudence]](https://alexanderpang.com/wp-content/uploads/2017/04/24059622850_4970d50818_k.jpg?w=1024)
Invoking The Inherent Jurisdiction Of The Singapore Court In Aid Of Foreign Restructuring Proceedings [Insolvency Law] [Cross-Border Jurisprudence]
*Case Commentary: Re Taisoo Suk (as foreign representative of Hanjin Shipping Co Ltd) [2016] SGHC 195 In the unreported decision of Re Taisoo Suk (as foreign representative of Hanjin Shipping Co Ltd) [2016] SGHC 195 (released on 13 September 2016), the Singapore High Court exercised its inherent jurisdiction to stay all claims and proceedings against…
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![Developments in Singapore’s Cross Border Insolvency Jurisprudence [Insolvency Law] [Cross-Border Jurisprudence]](https://alexanderpang.com/wp-content/uploads/2016/07/33149222263_33d842e11f_k.jpg?w=1024)
Developments in Singapore’s Cross Border Insolvency Jurisprudence [Insolvency Law] [Cross-Border Jurisprudence]
*This article was co-written by Mr Thio Shen Yi, S.C. and I, and published as a Firm client update in July 2016. Case Commentary: Re Opti-Medix Ltd (in liquidation) and anor matter [2016] SGHC 108 (“Re Opti-Medix”) The recent unreported Singapore High Court decision in Re Opti-Medix Ltd (in liquidation) and anor matter [2016] SGHC…
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![The Relative Value of an Adjudication Determination in Liquidation [Insolvency Law] [Building & Construction Law]](https://alexanderpang.com/wp-content/uploads/2016/04/19252449648_0a2cbca83e_k.jpg?w=1024)
The Relative Value of an Adjudication Determination in Liquidation [Insolvency Law] [Building & Construction Law]
Case Commentary:WY Steel Construction Pte Ltd v Tycoon Construction Pte Ltd (In Liquidation) [2016] SGHC 80 The Singapore High Court decision in WY Steel Construction Pte Ltd v Tycoon Construction Pte Ltd (In Liquidation) [2016] SGHC 80 raises certain some interesting questions about the effect and value of an adjudication determination (made pursuant to Building…
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![The Consequences of Procuring an Unfair Preference Payment [Insolvency & Company Law] [Directors’ Duties and Liabilities]](https://alexanderpang.com/wp-content/uploads/2017/04/25993178136_a656cf7a4c_k.jpg?w=1024)
The Consequences of Procuring an Unfair Preference Payment [Insolvency & Company Law] [Directors’ Duties and Liabilities]
Case Commentary:Living the Link Pte Ltd v Tan Lay Tin Tina [2016] SGHC 67 (“Tina Tan”) The extent of a director’s liability for procuring the payment amounting to an undue preference under Singapore law (see s.329 of the Companies Act read with ss.100 to 103 of the Bankruptcy Act)) was considered for the first time…
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![Setting Aside Antecedent Transactions [Insolvency Law]](https://alexanderpang.com/wp-content/uploads/2016/01/24007026669_ee03e8582c_o.jpg?w=1024)
Setting Aside Antecedent Transactions [Insolvency Law]
*Case Commentary: Encus International Pte Ltd (In Compulsory Liquidation) v Tenacious Investment Pte Ltd and Ors [2015] SGHC 50 Avoidance of Antecedent Transactions Whilst the case addressed several issues (including the effect and application of an “entire agreement” clause – which was actually central to the outcome of the case on the facts), the main…
Singapore Legal Developments & Case Commentaries 