Skip to main content
Enter a keyword
  • Login
  • Home

    Main navigation

    Menu
    • US Law
      • Chapter 15 Cases
    • Regions
      • Africa
      • Asia Pacific
      • Europe
      • North Africa/Middle East
      • North America
      • South America
    • Headlines
    • Education Resources
      • ABI Committee Articles
      • ABI Journal Articles
      • Covid 19
      • Conferences and Webinars
      • Newsletters
      • Publications
    • Events
    • Firm Articles
    • About Us
      • ABI International Board Committee
      • ABI International Member Committee Leadership
    • Join
    Singapore Court of Appeal clarifies scope of section 259 of Companies Act
    2015-09-29

    Seah Teong Kang v Seah Yong Chwan [2015] SGCA 48

    On 10 September 2015, the Singapore Court of Appeal issued a judgment in Seah Teong Kang v Seah Yong Chwan on section 259 of the Companies Act. Section 259 provides:

    “Any disposition of the property of the company, including things in action, and any transfer of shares or alteration in the status of the members of the company made after the commencement of the winding up by the Court shall unless the Court otherwise orders be void.”

    Filed under:
    Singapore, Company & Commercial, Insolvency & Restructuring, Litigation, Allen & Gledhill LLP, Court of Appeal of Singapore
    Authors:
    Tay Yong Seng
    Location:
    Singapore
    Firm:
    Allen & Gledhill LLP
    Singapore High Court considers whether trust created over profits made by leveraged foreign exchange and Bullion customers
    2015-09-29

    MF Global Singapore Pte Ltd v Vintage Bullion DMCC [2015] SGHC 162

    The Singapore High Court in MF Global Singapore Pte Ltd v Vintage Bullion DMCC considered a contention by customers of an insolvent brokerage firm that profits made from certain leveraged foreign exchange and leveraged commodity transactions with the firm were held on trust for the customers. The court disagreed. This meant that the customers can only stand as unsecured creditors over the profits. 

    Facts

    Filed under:
    Singapore, Capital Markets, Insolvency & Restructuring, Litigation, Allen & Gledhill LLP, Foreign exchange market, Singapore High Court
    Authors:
    Andrew Chan , Colin Chow
    Location:
    Singapore
    Firm:
    Allen & Gledhill LLP
    Singapore High Court holds bankrupt individuals did not have legal standing to bring OS to enforce sections 76(1)(C) and 105 of Bankruptcy Act
    2014-08-27

    Manharlal Trikamdas Mody E Anor v Sumikin Bussan International (HK) Limited [2014] SGHC 123

    The Singapore High Court in the case of Manharlal Trikamdas Mody E Anor v Sumikin Bussan International (HK) Limited [2014] SGHC 123 decided a number of important issues in the fields of bankruptcy, assignment and ex parte applications.

    Filed under:
    Singapore, Insolvency & Restructuring, Litigation, Allen & Gledhill LLP, Bankruptcy, Ex parte, Standing (law), Singapore High Court
    Authors:
    Andrew Chan
    Location:
    Singapore
    Firm:
    Allen & Gledhill LLP
    Singapore High Court grants Mareva injunction against former officers of shipping company in liquidation
    2015-01-29

    The Singapore High Court in Parakou Shipping Pte Ltd (in liquidation) v Liu Cheng Chan & Orsgranted an application by a company in liquidation for a Mareva injunction to restrain its former officers and other companies which they controlled from dissipating assets. The court also considered the question of whether the company in liquidation acted with sufficient urgency and diligence in commencing the action and applying for the Mareva injunction.

    The parties

    Filed under:
    Singapore, Insolvency & Restructuring, Litigation, Allen & Gledhill LLP, Asset freezing, Singapore High Court
    Authors:
    Kenneth Lim Tao Chung
    Location:
    Singapore
    Firm:
    Allen & Gledhill LLP
    Ministry of Law consults on proposed amendments to Bankruptcy Act
    2015-02-26

    Between 16 January 2015 and 24 February 2015, the Ministry of Law (the “MinLaw”) conducted a public consultation to seek feedback on proposed amendments to the Bankruptcy Act (the “Act”) which principally sets out Singapore’s bankruptcy regime. Set out below is a summary of the key proposed amendments.

    Institutional creditor must appoint private trustee

    Filed under:
    Singapore, Insolvency & Restructuring, Allen & Gledhill LLP, Public consultations
    Authors:
    Edwin Tong, SC , Edward Tiong , Andrew Chan , Ronnie Quek
    Location:
    Singapore
    Firm:
    Allen & Gledhill LLP
    Parliament introduces Bankruptcy (Amendment) Bill 2015: increased minimum debt threshold
    2015-05-28

    On 11 May 2015, the Bankruptcy (Amendment) Bill 2015 (the “Bill”) was tabled in Parliament for first reading. Essentially, the Bill seeks to amend the Bankruptcy Act to create a more rehabilitative regime for bankrupts, ensure better utilisation of public resources and encourage creditors to exercise financial prudence when extending credit.

    Filed under:
    Singapore, Insolvency & Restructuring, Allen & Gledhill LLP, Bankruptcy
    Authors:
    Edwin Tong, SC , Andrew Chan , Ronnie Quek , Edward Tiong
    Location:
    Singapore
    Firm:
    Allen & Gledhill LLP
    Singapore High Court allows agreement for sale of proceeds of claims by insolvent company to stand
    2015-07-30

    Re Vanguard Energy Pte Ltd [2015] SGHC 156

    Filed under:
    Singapore, Company & Commercial, Insolvency & Restructuring, Litigation, Allen & Gledhill LLP, Singapore High Court
    Authors:
    Andrew Chan , Edward Tiong
    Location:
    Singapore
    Firm:
    Allen & Gledhill LLP
    Bankruptcy (Amendment) Bill 2015 passed in Parliament, not yet in force: increased minimum debt threshold
    2015-07-30

    On 14 July 2015, the Bankruptcy (Amendment) Bill 2015 (the “Bill”) was passed in Parliament. It is not yet in force. The Bill will amend the Bankruptcy Act to create a more rehabilitative regime for bankrupts and ensure better utilisation of public resources.

    When the Bill comes into force, it will effect the following changes to the Bankruptcy Act:

    Filed under:
    Singapore, Insolvency & Restructuring, Allen & Gledhill LLP, Bankruptcy
    Authors:
    Edwin Tong, SC , Andrew Chan , Ronnie Quek , Edward Tiong
    Location:
    Singapore
    Firm:
    Allen & Gledhill LLP
    Singapore High Court considers whether assets of company made insolvent in Singapore can be transferred to German liquidator
    2013-04-26

    The Singapore High Court in Beluga Chartering GmbH (in liq) v Beluga Projects (Singapore) Pte Ltd (in liquidation) & Anor considered whether Singapore liquidators of Singapore-registered subsidiary companies were able to repatriate the applicant's ("Beluga Chartering") Singapore assets to Germany, where Beluga Chartering was incorporated.

    Filed under:
    Singapore, Insolvency & Restructuring, Litigation, Allen & Gledhill LLP, Singapore High Court
    Location:
    Singapore
    Firm:
    Allen & Gledhill LLP
    Ministry of Law consults on proposed omnibus insolvency legislation
    2013-10-30

    The Ministry of Law (“MinLaw”) is conducting a public consultation on key recommendations made in a final report by the Insolvency Law Review Committee ( the “Committee”) in relation to Singapore’s personal and corporate insolvency regimes. The public consultation period runs from 7 October 2012 to 2 December 2013.

    Filed under:
    Singapore, Insolvency & Restructuring, Allen & Gledhill LLP
    Location:
    Singapore
    Firm:
    Allen & Gledhill LLP

    Pagination

    • Current page 1
    • Page 2
    • Page 3
    • Next page ››
    • Last page Last »
    Home

    Quick Links

    • US Law
    • Headlines
    • Firm Articles
    • Board Committee
    • Member Committee
    • Join
    • Contact Us

    Resources

    • ABI Committee Articles
    • ABI Journal Articles
    • Conferences & Webinars
    • Covid-19
    • Newsletters
    • Publications

    Regions

    • Africa
    • Asia Pacific
    • Europe
    • North Africa/Middle East
    • North America
    • South America

    © 2025 Global Insolvency, All Rights Reserved

    Joining the American Bankruptcy Institute as an international member will provide you with the following benefits at a discounted price:

    • Full access to the Global Insolvency website, containing the latest worldwide insolvency news, a variety of useful information on US Bankruptcy law including Chapter 15, thousands of articles from leading experts and conference materials.
    • The resources of the diverse community of United States bankruptcy professionals who share common business and educational goals.
    • A central resource for networking, as well as insolvency research and education (articles, newsletters, publications, ABI Journal articles, and access to recorded conference presentation and webinars).

    Join now or Try us out for 30 days