Singapore International Commercial Court recognises Garuda’s Indonesian restructuring in landmark decision
By Nandakumar Ponniya, Emmanuel Chua, Darrell Lee, and Yong Li Yap (Baker McKenzie Wong & Leow)
On 18 January 2024, the Singapore…
Chinese property developer Sunac receives Chapter 15 recognition
By Julie Goodrich Harrison (Norton Rose Fulbright)
In what is believed to be a first—a United States Bankruptcy Court in November 2023 recognized, as a “foreign main proceeding”, the…
A Commitment Rule for Insolvency Forum
By Anthony Casey (University of Chicago Law School), Aurelio Gurrea-Martinez (Singapore Management University), and Robert Rasmussen (USC Gould School of Law)
The Model Law on Cross-Border…
Singapore Court of Appeal lifts automatic stay in recognition application under Singapore’s UNCITRAL Model Law on Cross-Border Insolvency
By Samuel Loh and Stanley Tan (BlackOak LLC)
Introduction
In Ascentra Holdings, Inc (in official liquidation…
The MLCBI, the COMI and Emerging Markets: Is it Time for Amendments?
By Rosa M. Rojas-Vertiz (Instituto Tecnológico Autónomo de México (ITAM) – Law School)
In a recent article, The MLCBI, the COMI, and Emerging Markets: Is it Time for Amendments…
When is a Cayman Islands liquidation not a foreign proceeding?
By Francisco Vazquez and Michael Berthiaume (Norton Rose Fulbright US LLP)
United States courts have typically concluded that offshore liquidations are “foreign proceedings” eligible…
Recognising Foreign Proceedings under Singapore’s Restructuring and Insolvency Regime: Court of Appeal Clarifies Whether Company Must be Insolvent
By Sim Kwan Kiat, Sheila Ng and Walter Yeo (Rajah & Tann Singapore LLP)
Introduction…
What is an Insolvency Proceeding?
By Riz Mokal (South Square and Aberdeen University School of Law)
To the question in the title, one may be forgiven the innocent response ‘Who cares?’. In fact, the question matters for all the reasons that legal…
Towards a New Approach for the Choice of Insolvency Forum
By Anthony J. Casey (University of Chicago Law School), Aurelio Gurrea-Martinez (Singapore Management University) and Robert K. Rasmussen (USC Gould School of Law)
(*) Letter sent to the…
Enhancing Efficiency and Rescue Outcomes in Cross-Border Insolvency Matters: The Role of Multilateral Cooperation Protocols and Judicial Diplomacy
By Scott Atkins (Norton Rose Fulbright & INSOL International)
Synopsis
Last year, we…