Introduction
Insolvency and arbitration traditionally do not mix well, as they embody somewhat contrasting legal policies. The Singapore Court of Appeal highlighted in Larsen Oil and Gas Pte Ltd v Petroprod Ltd (in official liquidation in the Cayman Islands and in compulsory liquidation in Singapore) [2011] 3 SLR 414 that:
Singapore, Arbitration & ADR, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Rajah & Tann Asia, Mediation, Insolvency, Singapore International Arbitration Centre, Singapore High Court
Inter-Pacific Petroleum Pte Ltd (in liquidation) v Goh Jin Hian [2024] SGHC 178
In what could be seen as a wake-up call, the High Court of Singapore clarified the scope of director’s duties in Singapore, emphasizing the minimum standard of care required.
Background
Asia-Pacific, Singapore, Company & Commercial, Insolvency & Restructuring, Litigation, CMS Legal, Liquidation, Singapore High Court