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Deutsche Bank AG and Another v Asia Pulp & Paper Company Ltd [2002] SGHC 257
The court dismissed a petition for judicial management because it was not satisfied that the order would achieve the statutory purposes of survival, compromise, or better realisation of assets, particularly given the lack of cooperation from foreign creditors and the location of
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·14 min read
Singapore
UT Singapore Services Pte Ltd v Goh Thien Phong and others and another appeal
The classification of creditors in a scheme of arrangement is a jurisdictional requirement. Objections to classification should be raised at the convening stage, but the court must consider them at the sanction stage even if raised late, subject to potential cost consequences.
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·15 min read