The answer is “no”, following a recent decision by the General Division of the High Court of Singapore (Court) which provides welcome guidance on the admission of proofs of debt.

Considering Company Liquidation in Poland?

The Supreme Court of New South Wales has clarified the circumstances in which a liquidator may recover deposit funds paid to a third party and the extent to which a counterparty may rely on the good-faith defence under section 588FG of the Corporations Act 2001 (Cth).

The Judicial Committee of the Privy Council in CL Financial Ltd (in Liquidation)^[1] has provided helpful guidance on applications for approving liquidators’ remuneration.

Bankruptcy Petition Dismissed: Court Reaffirms Low Threshold for Demonstrating Debtor’s Intention to Arbitrate In Resisting a Bankruptcy Petition

Introduction

A knowing breach of the payment prohibition under insolvency law cannot be inferred from a breach of the obligation to file for insolvency.