Examples of Singapore Court in a sentence
In each case, the 363 Transaction and the Chapter 11 Plan will be conditional on (among other things) approval of all Court Supervised Arrangements by the requisite majority of Existing Creditors, sanction by the English Court and/or the Singapore Court (as the case may be) and satisfaction of the conditions set out therein.
RBS also sought to confine that case to its own particular facts, which was the way in which the Singapore Court of Appeal ultimately dealt with it in the Skandanivska case.
On February 15, 2018, the Singapore Court granted leave for the EOL Filing Entities to convene their respective meeting of creditors to consider and, if thought fit, approve the proposed scheme of arrangement between each of the EOL Filing Entities and their creditors.
Downloaded from https://academic.oup.com/jwelb/article/14/2/100/6146121 by guest on 30 April 2021Similar to the English case above and going even further, the Singapore Court found that the parties to the contract had intentionally included an obligation of good faith in their contract and accordingly took the view that they should be held to the agreement reached.
Decisions of the SICC would be appealable to a Court of Appeal whose coram will comprise international jurists from the SICC Panel and/or Judges from the Singapore Court of Appeal33.
Subsequently, a controversy arose before the Singapore Court of Appeal on whether a scheme can be substantially amended after it has been approved by the court.
If the Singapore Court does not appoint a Judicial Manager for Ezra Holdings or if so directed by the Independent Directors, the Debtors’ Representative shall remain authorized and empowered to implement the Plan pending entry of a Final Decree by the Bankruptcy Court.
For the avoidance of doubt, the entry of an order of Judicial Management with respect to Ezra Holdings by the Singapore Court will terminate the initial or subsequent appointment of the Debtors’ Representative in all respects other than with respect to the Debtors’ Representative’s duty to seek entry of a Final Decree by the Bankruptcy Court and actions attendant therewith.
Furthermore, the Singapore Court of Appeal in BNP Paribas v Jurong Shipyard Pte Ltd [2009] 2 SLR(R) 949 expressed approval of the decision in Pilecon Engineering Bhd v Remaja Jaya Sdn Bhd [1997] 1 MLJ 808, in which the Malaysian High Court stated that the court can consider the interests of the public at large in deciding whether or not to wind up a company.
The Singapore Court of Appeal has referred to such a scheme of arrangement as a ‘contractual scheme’.