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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.
![Who can decide to put a company into a creditors' voluntary liquidation: the members, the creditors and/or someone else? A case comment on Superpark Oy v Super Park Asia Group Pte Ltd and ors [2021] SGCA 8 | Dentons - Vimarsana News](https://jdsupra-static.s3.amazonaws.com/profile-images/hr.12833_5648.jpg)
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, Superpark, was the 78.33% majority shareholder of the 1st respondent, Super Park Asia Group Pte Ltd (SP...
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 lawsuit filed in the United States District Court for the Southern District of New York alleges viol...
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 automatic moratorium period, creditors are barred (except with the leave of court) from, among other th...