Newsdesk
June
22
When the Sun Sets on a Company
The Court of Appeal in Sun Electric Power Pte Limited v RCMA Asia Pte Ltd (formerly known as Tong Teik Pte Ltd) [2021] SGCA 60 has recently released a decision that made several important clarifications about the law of insolvency in Singapore. This case is important because it appears to be a major departure from the rigid cashflow/balance sheet tests which were previously applied.
Read on for the important developments in insolvency law from this game changing case.
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