Singapore court recognised US bankruptcy proceedings as foreign main proceedings despite company being registered in Singapore
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Reading Time: 5 minutesIntroduction On 4 March 2019, the Singapore High Court (“Court”) in Re Zetta Jet Ptd Ltd and others (Asia Aviation Holdings Ptd Ltd, intervener) [2019] SGHC 53 handed down its judgment and granted full recognition of the US Bankruptcy Proceedings as a foreign main proceeding under the Singapore Model Law. Background Voluntary bankruptcy proceedings were filed against […]