Singapore Court Recognises Indonesian PKPU Proceedings for the First Time

In a move that facilitates the seamless integration of cross-border insolvency proceedings between Singapore and Indonesia, Singapore’s International Commercial Court has for the first time granted recognition of Indonesian PKPU proceedings in Re PT Garuda Indonesia (Persero) Tbk [2024] SGHC(I) 1. Given the regional proximity between Singapore and Indonesia, there are a multitude of businesses … Read more

Herbert Smith Freehills to act for individual defendants in US$950 million clawback case brought by FTX Bankruptcy Estate

A defendant group has appointed international law firm Herbert Smith Freehills to defend against clawback claims totalling US$950 million made by the FTX Bankruptcy Estate. The international team advising these defendants is led by Herbert Smith Freehills Prolegis’ Director Daniel Chia in Singapore and Herbert Smith Freehills partner Peter Behmke in New York. The defendant … Read more