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Singapore Court of Appeal elaborates on relationship between insolvency and arbitration in upholding High Court decision
- Allen & Gledhill LLP
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- Singapore
- -
- July 28 2011
Larsen Oil and Gas Pte Ltd v Petroprod Ltd (in official liquidation in the Cayman Islands and in compulsory liquidation in Singapore) 2011 SGCA 21
Singapore Court of Appeal elaborates on relationship between insolvency and arbitration in upholding High Court decision
- Allen & Gledhill LLP
- -
- Singapore
- -
- July 6 2011
In Larsen Oil and Gas Pte Ltd (in official liquidation in the Cayman Islands and in compulsory liquidation in Singapore) 2011 SGCA 21, the Singapore Court of Appeal endorsed, and elaborated on, the stance taken by the High Court concerning the relationship between arbitration and insolvency
Singapore High Court upholds winding up proceedings based on statutory demand for debt founded on an arbitration award
- Allen & Gledhill LLP
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- Singapore
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- August 31 2010
In Pacific King Shipping Pte Ltd & Anor v Glory Wealth Shipping Pte Ltd, one of the key issues which the Singapore High Court had to consider was whether the defendant was precluded from commencing winding up proceedings against the plaintiffs via section 254(2)(a) read with section 254(1)(e) of the Companies Act (the "CA") on the basis of a debt that was founded on a foreign arbitration award which had not been enforced
Singapore High Court rules against arbitrability of insolvency claims
- Allen & Gledhill LLP
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- Singapore
- -
- August 20 2010
The case of Petroprod Ltd (in official liquidation in the Cayman Islands and in compulsory liquidation in Singapore) v Larsen Oil and Gas Pte Ltd 2010 SGHC 186 ("Petroprod Ltd") is significant as the Singapore High Court decided that claims which arise from avoidance provisions in Singapore insolvency laws are non-arbitrable as they exist for the benefit of the general body of creditors as a whole
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- Workarea - Litigation
- Workarea - Insolvency & Restructuring
- Author - Edwin Tong