Foong on the UNCITRAL Model Law on Cross-Border Insolvency

Legal Studies, the journal of the Society of Legal Scholars (SLS), has published an interesting article by Jared Foong on a recent case from Singapore concerning the recognition of foreign solvent proceedings under the UNCITRAL Model Law on Cross-Border Insolvency.

Although this article concerns a development under Singaporean law, it will be of interest to the readers of the blog given that the Model Law has been adopted in many, including European, jurisdictions.

The article is titled Recognising Foreign Solvent Proceedings under the UNCITRAL Model Law on Cross-Border Insolvency: The Singaporean Approach in Ascentra Holdings, Inc v SPGK Pte Ltd [2023] 2 SLR 421:

The article discusses the Singapore Court of Appeal decision in Ascentra Holdings Inc v SPGK Pte Ltd which held that foreign proceedings concerning solvent companies may be recognised under the Singapore statute which adopted the UNCITRAL Model Law on Cross Border Insolvency 1997. It compares the ruling with the contradictory decision in .