Company wound up in record time despite claims that dispute was subject to arbitration

Introduction

In the recent High Court judgment in VTB Bank (Public Joint Stock Company) v Anan Group (Singapore) Pte Ltd,(1) the plaintiff successfully obtained a winding-up order on a debtor company six weeks after the service of a statutory demand for an underlying debt of $250 million.

Filed under:
Singapore, Arbitration & ADR, Insolvency & Restructuring, Litigation, Dentons
Authors:
Philip Jeyaretnam, SC , Shobna Chandran
Location:
Singapore
Firm:
Dentons