The Interplay of Cryptocurrency with Insolvency Law: Singapore High Court clarifies that cryptocurrency liabilities are a debt under the Insolvency, Restructuring, and Dissolution Act 2018

Introduction

Filed under:
Singapore, Banking, Compliance Management, Insolvency & Restructuring, IT & Data Protection, Litigation, Oon & Bazul LLP, Blockchain, Cryptocurrency, Non-fungible tokens, Insolvency, Singapore High Court
Authors:
Bazul Ashhab , Lionel Chan
Location:
Singapore
Firm:
Oon & Bazul LLP
A director’s liability in the face of corporate insolvency: what you need to know

No one could have predicted the impact of the COVID-19 pandemic on businesses and economies worldwide. It has crippled companies all over the world with household names such as Macy’s in the US filing for bankruptcy and closer to home, the collapse of commodities trading giant Hin Leong Trading. Unfortunately, analysts speculate the worst is yet to come.

Filed under:
Singapore, Company & Commercial, Insolvency & Restructuring, Oon & Bazul LLP, Coronavirus
Authors:
Lionel Chan
Location:
Singapore
Firm:
Oon & Bazul LLP
DIP financing - the Singaporean way

Introduction

Filed under:
Singapore, USA, Company & Commercial, Insolvency & Restructuring, Litigation, Oon & Bazul LLP, Bankruptcy, Debt, Debtor in possession, Debt restructuring, HSBC
Authors:
Lionel Chan
Location:
Singapore, USA
Firm:
Oon & Bazul LLP
Case Note: Recognition of Indonesian Bankruptcy Order in Singapore (Paulus Tannos v Heince Tombak Simanjuntak and others)

In the recent case – Paulus Tannos v Heince Tombak Simanjuntak and others and another appeal [2020] SGCA 85 (‘Paulus Tannos’), the Singapore Court of Appeal held that in determining whether to recognise a foreign bankruptcy order, the Singapore Courts could decline to recognise the foreign bankruptcy order (‘BO’) if there was, according to Singapore law, a breach of natural justice in obtaining the foreign BO.

Facts

Filed under:
Indonesia, Singapore, Insolvency & Restructuring, Litigation, Oon & Bazul LLP
Authors:
Bazul Ashhab , Lionel Chan
Location:
Indonesia, Singapore
Firm:
Oon & Bazul LLP