Commentary: The First Singapore High Court Grounds of Decision on the Legal Standing of Foreign Companies to Apply for a Section 211B Moratorium Under the Companies Act

In Re PT MNC Investama TBK [2020] SGHC 149 (“Re PT MNC”), the Singapore High Court (per Justice Aedit Abdullah) addressed, for the first time in a written grounds of decision (“GD”), the question of whether a foreign company has the requisite standing to apply for a Section 211B moratorium under the Companies Act (the “Act”).

Filed under:
Singapore, Company & Commercial, Insolvency & Restructuring, Litigation, Oon & Bazul LLP, Coronavirus, Singapore Exchange, Indonesia Stock Exchange, Singapore High Court
Authors:
Keith Han
Location:
Singapore
Firm:
Oon & Bazul LLP