5 Bench Court of Appeal clarifies interplay between winding-up proceedings & arbitration

Singapore Law Watch publishes Nawaz Kamil and Danny Quah’s case update on AnAn v VTB Bank, where a 5-bench Court of Appeal has decisively halted the growing abuse of the winding-up regime by creditors who file winding up proceedings to strong-arm debtors into settling disputed debts in a bid to avoid expensive arbitration proceedings. This decision provides timely clarification that the court will adopt a prima facie standard of review instead of the higher “triable issue” threshold so as to hold parties to their contractual bargain in choosing arbitration as their mode of dispute resolution. Download and view full article.