Author

Nandakumar Ponniya

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In brief The Singapore Court of Appeal has clarified the standard of review that applies to winding-up applications where the underlying relationship between the debtor and creditor is subject to an arbitration agreement. The Court held that a debtor can resist a winding-up application provided that it demonstrates, on a prima facie basis, that: (a) there is a valid arbitration agreement between the parties, (b) the debt is disputed and such dispute falls within the scope of…

The Singapore Parliament has passed the COVID-19 (Temporary Measures) Act (2020) (the “Act”) to alleviate the consequences that the global pandemic has caused to businesses in Singapore. The Act provides temporary relief in relation to the breach of obligations under specified contracts and further provides relief to financially distressed individuals and businesses in relation to insolvency proceedings. To comply with social distancing directives, the Act also provides for alternative arrangements to conduct company meetings, introduces…