Singapore High Court considers whether assets of company made insolvent in Singapore can be transferred to German liquidator *

Singapore - April 26 2013
The Singapore High Court in Beluga Chartering GmbH (in liq) v Beluga Projects (Singapore) Pte Ltd (in liquidation) & Anor considered whether…

Co-authors: Edward Tiong.

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Singapore High Court orders conversion of foreign currency debts into Singapore dollars at exchange rate as at date of company's resolution to put company in creditors' voluntary liquidation *

Singapore - September 27 2012
In Re Lehman Brothers Finance Asia Pte Ltd, the liquidators of Lehman Borthers Finance Asia Pte Ltd made an application to court to determine the relevant exchange rate for the conversion of foreign currency debts to Singapore Dollars in creditors' voluntary liquidation ("CVL").

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Possible reforms to Companies Act by Steering Committee for Reviewing Companies Act *

Singapore - April 28 2011
In a presentation at a conference organised by the Singapore Academy of Law on 24 and 25 February 2011, Professor Tan Cheung Han, dean of the Faculty of Law at the National University of Singapore, shared with conference participants some possible revisions to the Companies Act in various areas, including, corporate governance, company administration as well as shareholders' rights and meetings.

Co-authors: Christine Chan, Yap Lune Teng, Ang Cheng Hock, SC, Stephen Seow, Richard Young.

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English Court of Appeal considers conflict of law rules on capacity of foreign entities in relation to swaps contract litigation *

United Kingdom - August 31 2010
In Haugesund Kommune & Anor v Depfa ACS Bank, the English Court of Appeal considered the application of English common law conflict rules to the capacity of Norwegian entities that had entered into swaps contracts governed by English law.

Co-authors: Desmond Ho.

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Singapore High Court holds Section 210 of Companies Act does not apply to foreign company with no assets or no sufficient connection with Singapore *

Singapore - July 28 2010
The Singapore High Court in Re TPC Korea Co Ltd rejected an application by a Korean incorporated company under section 210 of the Singapore Companies Act for a court order to convene a creditors' meeting to approve a Singapore scheme of arrangement and for a pre-emptive restraining order on the ground that the Korean company had no assets in, or sufficient connection with, Singapore.

Co-authors: Christina Ong.

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