On 10 June 2021, the Singapore Court of Appeal published its decision in Sun Electric Power Pte Ltd v. RCMA Asia Pte Ltd. [2021] SGCA 60, which provided important clarifications to the law in Singapore winding-up proceedings. In particular, the Court of Appeal held that in winding-up proceedings, the cash flow test, as opposed to the balance sheet test, should be the sole and determinative test to prove to the court that the company is unable to…

Against the backdrop of the covid-19 pandemic and soon-to-be-rescinded government support schemes, local principal Emmanuel Chua and associate Shriram Jayakumar at Baker & McKenzie Wong & Leow in Singapore discuss three key trends to look for in the “new normal” The worldwide rollout of covid-19 vaccines is well underway. But there is no inoculation yet available from the pandemic’s economic fallout. As government support schemes are rolled back, cratering demands across various industries have necessitated…