Vol 17 (2020) - Issue 1

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H&C S Holdings Pte Limited: Singapore’s New Moratorium Goes Global

Synopsis

In H&C S Holdings Pte Limited [2019] EWHC 1459, the High Court of England and Wales recognised a moratorium under section 211B of the Republic of Singapore’s Companies Act ('the Singapore Companies Act') as foreign main proceedings. It is understood that this is the first time that the moratorium had been recognised internationally. The judgment does not go into detail as to why it was appropriate to recognise the proceedings, this article sets out in more detail the evidence and submissions that were before the court.