Page 6 - Dissolution Act News Today

The success of a scheme of arrangement in restructuring depends largely on the consent of the requisite statutory majority of the scheme creditors. To…

Creditors to send in their names and addresses and particulars of their debts or to Baker Tilly Singapore on or before 21 February 2022.

Debtor's bankruptcy applications may be seen as being less common than creditors' bankruptcy applications. The law regarding the conduct of debtor's…

In Re Kobian Pte Ltd the Singapore High Court, for the first time, exercised its discretion to decide that a scheme of arrangement proposal put forward by a company was not feasible and...

In the seminal case of Korea Asset Management v Daewoo Singapore Pte Ltd (in liquidation) [2004] 1 SLR(R) 671 (“Korea Asset Management”), the Honourable Judicial Commissioner V K Rajah (as he then was) (“JC Rajah”) laid down a non-exhaustive list of factors to be considered in an application under Sections 299(2) or 262(3) of the Companies Act (Cap. 50 1994 Rev Ed) (“CA”) (pari materia to Sections 170(2) and 133(1) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of ...

Reference is made to the earlier information provided about the ongoing financial process with the lenders, the latest in a press release dated 21 May 2021 in relation to the fixing of the hearing for

Esteem Management Services is the appointed Liquidator for the process and creditors are to submit all proofs of debt by 10 May to benefit from any distribution.

Introduction The Court of Appeal (SGCA) had the opportunity to examine an insolvency mechanism that, while long-standing, has in recent years been seeing increased utilisation – creditors’ voluntary winding up of companies, or CVLs as we in the insolvency space fondly call it. In doing so, the SGCA provided pertinent guidance on the law relating to the commencement of a CVL. We take a look at Superpark Oy v Super Park Asia Pte Ltd and ors [2021] SGCA 8 (Superpark). Facts The appellant, Sup...

Share this article Share this article NEW YORK, Feb. 18, 2021 /PRNewswire/ -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Triterras, Inc. f/k/a Netfin Acquisition Corp. ("Triterras" or the "Company") (NASDAQ: TRIT) from August 20, 2020 through December 16, 2020 (the "Class Period"). The ...

To embed, copy and paste the code into your website or blog: Guidance from the General Division of the Singapore High Court on the extent to which the protections afforded by the statutory moratoria for schemes of arrangement conflict with the ability of maritime claimants to protect their interests. Singapore’s scheme of arrangement provisions provide for an automatic moratorium period of up to 30 days for the applicant company to propose a scheme of arrangement to its creditors. In this aut...