{"id":318933,"date":"2024-03-31T10:00:34","date_gmt":"2024-03-31T04:30:34","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=318933"},"modified":"2024-03-31T11:18:55","modified_gmt":"2024-03-31T05:48:55","slug":"cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/","title":{"rendered":"Cross Border Insolvency | SICC recognises and enforces foreign proceeding concerning restructuring plan for PT Garuda Indonesia"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Singapore International Commercial Court:<\/span> A proceeding of the Jakarta Commercial Court concerning enforcement of a restructuring plan for PT Garuda Indonesia was recognised by a three-judge Bench of the SICC comprising of Kannan Ramesh, J., (Appellate Division) and <span style=\"font-weight: bold;\">Chrisopher Scott Sontchi<\/span>* and Anselmo Reyes JJ., (International Judges). The Composition Plan prepared under the said proceeding was enforced under the provisions of the Singapore Model Law on Cross-Border Insolvency (Singapore Model Law). The Court said that when the requirements of recognition under the Singapore Model Law are satisfied by a foreign proceeding, its recognition becomes mandatory.<\/p>\n<p style=\"font-weight: bold;\">Background<\/p>\n<p style=\"margin-bottom: 3%;\">PT Garuda Indonesia (&#8220;applicants&#8221;\/ &#8220;debtors&#8221;), is the national airline of Indonesia, registered in Indonesia, and registered as a foreign company in Singapore. The applicants sublet an aircraft from their French subsidiary (&#8220;Garuda France&#8221;), who had leased the same from Greylag.<\/p>\n<p style=\"margin-bottom: 3%;\">The applicant&#8217;s creditors filed a PKPU (Indonesian abbreviation for suspension of debt payment obligation) proceeding against the applicant before the Jakarta Commercial Court (the &#8220;Commercial Court&#8221;), which ratified a Composition Plan (&#8220;Plan&#8221;) for the debtor that attributed specified portions to different creditors.<\/p>\n<p style=\"margin-bottom: 3%;\">Greylag actively participated in the PKPU proceeding and voted against the Plan. They appealed against the order of the Commercial Court but were faced with dismissal. The Commercial Court also dismissed their nullification application. Following which, they filed a nullification appeal before the Indonesian Supreme Court, that remains pending before the said court.<\/p>\n<p style=\"margin-bottom: 3%;\">The debtor filed a petition in the US to have the PKPU proceeding recognised per the Bankruptcy Code in the US as a foreign main proceeding. The US Court passed an order recognising the same, following which the debtors filed before the US Court to pass an order recognising the Plan. Upon facing objections from Greylag on the same, the debtor withdrew this application.<\/p>\n<p style=\"margin-bottom: 3%;\">Subsequently, the debtors petitioned before the Singapore International Commercial Court (&#8220;SICC&#8221;) to recognise the PKPU proceeding, and to enforce the Plan in Singapore.<\/p>\n<p style=\"margin-bottom: 3%;\">Greylag opposed the petition before SICC claiming that petition was filed prematurely while a nullification appeal lies pending in Indonesia, and that the recognition of PKPU proceeding in Singapore would be against their public policy.<\/p>\n<p style=\"font-weight: bold;\">Decision<\/p>\n<p style=\"margin-bottom: 3%;\">A three-judge bench of the SICC granted the petition for recognition of the PKPU proceeding as a foreign main proceeding in Singapore. Christopher S. Sontchi, J. wrote the decision of the Court.<\/p>\n<p style=\"margin-bottom: 3%;\">The Court concluded that the PKPU proceeding should be recognised as a foreign main proceeding under the Singapore Model Law, since it satisfied all the requirements for recognition per Article 17 of the Singapore Model Law, thereby mandating its recognition.<\/p>\n<p style=\"margin-bottom: 3%;\">The Court observed that the Singapore Model Law gives effect to the principle of modified universalism through a procedural framework which not only permits but encourages cooperation and coordination between jurisdictions in cases of cross-border insolvencies.<\/p>\n<p style=\"margin-bottom: 3%;\">In the light of pending proceedings in foreign courts, SICC said that the Singapore Model Law does not require a foreign proceeding to be concluded, or that all avenues of appeal and review must be exhausted in the foreign jurisdiction before an application for recognition of the foreign proceeding is brought.<\/p>\n<p style=\"margin-bottom: 3%;\">About the submission of public policy by Greylag, the Court concluded that the public policy exception in Article 6 is restrictively applicable and if challenged on the grounds of public policy, the circumstances to have success are limited.<\/p>\n<p style=\"margin-bottom: 3%;\">The Court concluded and held that since the interests of all the parties and stakeholders were sufficiently protected by the Composition Plan, the PKPU proceeding should be recognised as a foreign main proceeding under the Singapore Model Law, and the Composition Plan derived therefrom, shall be enforceable in Singapore.<\/p>\n<p style=\"margin-bottom: 3%;\">[<span style=\"font-weight: bold; color: #632423;\"><span style=\"font-style: italic;\">In Re PT Garuda Indonesia (Persero) Tbk matter<\/span> [2024] SGHC(I), decided on 18-01-2024<\/span>]<\/p>\n<p style=\"text-indent: 18pt;\"><strong><span style=\"color: #000080;\">Judgement delivered by Justice Chrisopher Scott Sontchi<\/span><\/strong><\/p>\n<hr\/>\n<p>Advocates who appeared in this case :<\/p>\n<p style=\"margin-left: 18pt;\"><span style=\"font-weight: bold;\">For the Applicants<\/span>: Emmanuel Duncan Chua, Lee Yu Lun, Darrell, Irvin Ho Jia Xian and Mock Yuan Bing<\/p>\n<p style=\"margin-left: 18pt;\"><span style=\"font-weight: bold;\">For the non-parties<\/span>: Muralli Raja Rajaram, Valerie Ang, Jerrie Tan, Eva Teh Jing Hui and Felicia Tee<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p style=\"font-style: italic;\">A mandatory effect operates to recognise a foreign proceeding once the requirements in Article 17 of the Third Schedule are satisfied.<\/p>\n","protected":false},"author":67011,"featured_media":318952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4631],"tags":[6131,67002,67000,6121,67001,66999,58847,67003],"class_list":["post-318933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-international-courts","tag-bankruptcy","tag-composition-plan","tag-greylag","tag-insolvency","tag-pkuc","tag-pt-garuda-indonesia","tag-singapore-international-commercial-court","tag-singapore-model-law"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SICC recognises and enforces Indonesian PUKC order in Singapore under Model Law<\/title>\n<meta name=\"description\" content=\"SICC recognised and enforced Indonesian PUKC order under Singapore Model Law\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cross Border Insolvency | SICC recognises and enforces foreign proceeding concerning restructuring plan for PT Garuda Indonesia\" \/>\n<meta property=\"og:description\" content=\"SICC recognised and enforced Indonesian PUKC order under Singapore Model Law\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-31T04:30:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-31T05:48:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Singapore-Model-Law.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"886\" \/>\n\t<meta property=\"og:image:height\" content=\"590\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Cross Border Insolvency | SICC recognises and enforces foreign proceeding concerning restructuring plan for PT Garuda Indonesia\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/\",\"name\":\"SICC recognises and enforces Indonesian PUKC order in Singapore under Model Law\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Singapore-Model-Law.webp\",\"datePublished\":\"2024-03-31T04:30:34+00:00\",\"dateModified\":\"2024-03-31T05:48:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe\"},\"description\":\"SICC recognised and enforced Indonesian PUKC order under Singapore Model Law\",\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Singapore-Model-Law.webp\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Singapore-Model-Law.webp\",\"width\":886,\"height\":590,\"caption\":\"Singapore Model Law\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cross Border Insolvency | SICC recognises and enforces foreign proceeding concerning restructuring plan for PT Garuda Indonesia\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_4\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SICC recognises and enforces Indonesian PUKC order in Singapore under Model Law","description":"SICC recognised and enforced Indonesian PUKC order under Singapore Model Law","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/","og_locale":"en_US","og_type":"article","og_title":"Cross Border Insolvency | SICC recognises and enforces foreign proceeding concerning restructuring plan for PT Garuda Indonesia","og_description":"SICC recognised and enforced Indonesian PUKC order under Singapore Model Law","og_url":"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2024-03-31T04:30:34+00:00","article_modified_time":"2024-03-31T05:48:55+00:00","og_image":[{"width":886,"height":590,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Singapore-Model-Law.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_title":"Cross Border Insolvency | SICC recognises and enforces foreign proceeding concerning restructuring plan for PT Garuda Indonesia","twitter_misc":{"Written by":"Editor","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/","url":"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/","name":"SICC recognises and enforces Indonesian PUKC order in Singapore under Model Law","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Singapore-Model-Law.webp","datePublished":"2024-03-31T04:30:34+00:00","dateModified":"2024-03-31T05:48:55+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe"},"description":"SICC recognised and enforced Indonesian PUKC order under Singapore Model Law","breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Singapore-Model-Law.webp","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Singapore-Model-Law.webp","width":886,"height":590,"caption":"Singapore Model Law"},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/31\/cross-border-insolvency-sicc-recognises-and-enforces-foreign-proceeding-concerning-restructuring-plan-for-pt-garuda-indonesia\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Cross Border Insolvency | SICC recognises and enforces foreign proceeding concerning restructuring plan for PT Garuda Indonesia"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","caption":"Editor"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_4\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Singapore-Model-Law.webp","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":295465,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/06\/27\/sgca-explains-role-of-courts-in-evaluating-expert-evidence-for-calculating-damages\/","url_meta":{"origin":318933,"position":0},"title":"[Boeing 777-212] Singapore Court of Appeal explains role of Courts in evaluating factual vis \u00e0 vis expert evidence for calculating damages","author":"Editor","date":"June 27, 2023","format":false,"excerpt":"CoA dismisses appeal against SICC Judge's decision regarding the calculation of damages for breach of an aircraft purchase agreement.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"singapore court of appeal","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/singapore-court-of-appeal.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/singapore-court-of-appeal.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/singapore-court-of-appeal.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/singapore-court-of-appeal.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":247207,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/16\/cross-border-insolvency-law\/","url_meta":{"origin":318933,"position":1},"title":"India\u2019s tryst with cross-border insolvency law: How series of judicial pronouncements pave the way?","author":"Editor","date":"April 16, 2021","format":false,"excerpt":"by Manisha Arora* and Raushan Kumar**","rel":"","context":"In &quot;Op Eds&quot;","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Insolvency.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Insolvency.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Insolvency.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Insolvency.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Insolvency.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":295547,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/06\/28\/sicc-refuses-to-set-aside-arbitral-award-on-ground-of-naturaljustice-legalnews\/","url_meta":{"origin":318933,"position":2},"title":"Singapore International Commercial Court| Refusal to grant extension after repeated non-compliance, does not amount to breach of Natural Justice","author":"Editor","date":"June 28, 2023","format":false,"excerpt":"\u201cAcausal nexus must be established between the breach of Natural Justice and the award made. An inquiry should be made as to whether the breach was merely technical and inconsequential or whether it has resulted in denial of benefit to the Tribunal to decide on crucial evidences.\u201d","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"singapore international commercial court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/singapore-international-commercial-court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/singapore-international-commercial-court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/singapore-international-commercial-court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/singapore-international-commercial-court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":279011,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/12\/02\/singapore-court-of-appeal-clarifies-the-proper-interpretation-of-reasonable-costs-under-order-110-rule-46-and-the-way-it-needs-to-be-assessed\/","url_meta":{"origin":318933,"position":3},"title":"Singapore Court of Appeal clarifies the proper interpretation of \u2018reasonable costs\u2019 under Order 110 Rule 46 and the way it needs to be assessed","author":"Editor","date":"December 2, 2022","format":false,"excerpt":"The issue of cost recovery in various forums could impact the choice of dispute resolution forum by parties seeking to resolve their international commercial disputes in Singapore. This is a chief judgment for thirdparty funders, funding disputes in Singapore, as the degree to which costs may be recovered would be\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Singapore Court of Appeal","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/12\/MicrosoftTeams-image54.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":320339,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/19\/need-for-international-harmonisation-of-cross-border-insolvency-laws\/","url_meta":{"origin":318933,"position":4},"title":"Need for International Harmonisation of Cross-Border Insolvency Laws: Challenges and Prospects","author":"Bhumika Indulia","date":"April 19, 2024","format":false,"excerpt":"Introduction and Overview of the Concept of Cross-Border Insolvency Law in India by Harshith Sai Boddu\u2020","rel":"","context":"In &quot;Op Eds&quot;","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"Cross-Border Insolvency Laws","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/Cross-Border-Insolvency-Laws.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/Cross-Border-Insolvency-Laws.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/Cross-Border-Insolvency-Laws.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/Cross-Border-Insolvency-Laws.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":309012,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/12\/11\/india-is-having-a-paradigm-shift-in-dealing-with-commercial-matters-says-justice-yashwant-varma-at-2nd-international-arbitration-dialogues\/","url_meta":{"origin":318933,"position":5},"title":"India is having a paradigm shift in dealing with commercial matters &#8211; says Justice Yashwant Varma at 2nd International Arbitration Dialogues","author":"Apoorva","date":"December 11, 2023","format":false,"excerpt":"Indian Arbitration Forum in collaboration with KPMG, EBC Publishing Pvt. Ltd. has organised Second edition of International Arbitration Dialogues on 07-12-2023","rel":"","context":"In &quot;Events\/Webinars&quot;","block_context":{"text":"Events\/Webinars","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/events-and-webinars\/"},"img":{"alt_text":"Justice Yashwant Varma","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/12\/Justice-Yashwant-Varma.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/12\/Justice-Yashwant-Varma.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/12\/Justice-Yashwant-Varma.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/12\/Justice-Yashwant-Varma.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/318933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67011"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=318933"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/318933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/318952"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=318933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=318933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=318933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}