NO&T Asia Legal Review
Background
In a recent judgment rendered in April 2020, the Singapore Court of Appeal set aside a winding up order issued by the High Court at first instance and upheld an arbitration agreement pursuant to which a dispute in relation to the underlying debt claim was to be determined.
This decision, AnAn Group (Singapore) Pte Ltd v VTB Bank (Public Joint Stock Company) [2020] SGCA 33 (“AnAn Group v VTB Bank”) is significant on two fronts. First, it affirms the generally pro-arbitration stance adopted by the Singapore courts. Second, the position in Singapore is now clear that winding up proceedings will ordinarily be stayed or dismissed where the debtor can show that (i) there is a valid arbitration agreement between the parties and (ii) the dispute in respect of the debt falls within the scope of the arbitration agreement. The court would only refuse to grant a stay or dismissal in exceptional circumstances, such as where the debtor engages in an abuse of process or there is no genuine dispute in relation to the debt.
Nagashima Ohno & Tsunematsu (April 2022)
Annia Hsu
Global Legal Group Limited (February 2022)
Koki Yanagisawa, Hiroyuki Ebisawa
Global Legal Group Limited (February 2022)
Koki Yanagisawa, Hiroyuki Ebisawa (Co-author)
Wolters Kluwer (August 2021)
Hiroki Aoki, WeiJian Teo (co-author)
Law Business Research Ltd (May 2022)
Yoshimi Ohara, Yusuke Iwata, Annia Hsu (Co-author)
Law Business Research Ltd (May 2022)
Hiroki Aoki, Takashi Ohno (Co-author)
Global Legal Group Limited (May 2022)
Oki Mori, Mai Umezawa (Co-author)
Nagashima Ohno & Tsunematsu (April 2022)
Annia Hsu
Law Business Research Ltd (May 2022)
Yoshimi Ohara, Yusuke Iwata, Annia Hsu (Co-author)
Law Business Research Ltd (May 2022)
Hiroki Aoki, Takashi Ohno (Co-author)
Nagashima Ohno & Tsunematsu (December 2021)
Claire Chong, Kara Quek (Co-author)
Nagashima Ohno & Tsunematsu (November 2021)
Nga Tran
Euromoney Institutional Investor PLC (May 2022)
Hiroki Takano
Asian Business Law Institute, International Insolvency Institute (May 2022)
Yosuke Kanegae (Contributor)
Nagashima Ohno & Tsunematsu (January 2022)
Ichsan Montang
Nagashima Ohno & Tsunematsu (January 2022)
Yosuke Kanegae, Yutaro Fujimoto, Naoto Obara (Co-author)
Nagashima Ohno & Tsunematsu (June 2022)
Yothin Intaraprasong, Ponpun Krataykhwan (Co-author)
Nagashima Ohno & Tsunematsu (May 2022)
Hoai Tran
Nagashima Ohno & Tsunematsu (May 2022)
Ichsan Montang
Nagashima Ohno & Tsunematsu (May 2022)
Rashmi Grover
Nagashima Ohno & Tsunematsu (June 2022)
Yothin Intaraprasong, Ponpun Krataykhwan (Co-author)
Nagashima Ohno & Tsunematsu (May 2022)
Hoai Tran
Nagashima Ohno & Tsunematsu (May 2022)
Ichsan Montang
Nagashima Ohno & Tsunematsu (May 2022)
Rashmi Grover
Nagashima Ohno & Tsunematsu (April 2022)
Annia Hsu
Nagashima Ohno & Tsunematsu (February 2022)
WeiJian Teo
Nagashima Ohno & Tsunematsu (December 2021)
Claire Chong, Kara Quek (Co-author)
Nagashima Ohno & Tsunematsu (October 2021)
Annia Hsu