We value your privacy. We use cookies to analyse our traffic. To find out more, read our Data Protection Notice. By clicking "OK", you consent to our use of cookies.

You are using an insecure Internet browser
We have noticed that you are using Internet Explorer which is an outdated and insecure Internet browser. Please use one of the browsers below for a safe and optimal experience on our website. Thank you.
Edge	Firefox	Chrome

A shareholder of a company has the legal standing to oppose a putative creditor’s winding up application against the company

27 Sep 2022

A shareholder of a company has the legal standing to oppose a putative creditor’s winding up application against the company.

In a recent decision of the Singapore High Court, the Court confirmed that shareholders of companies subject to a putative creditor’s winding up application have the legal standing to oppose the winding up application. The Court’s decision is consistent with the wording of the Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020, as well as English authorities on the matter.

Our Director Mingguan Lim and Counsel Lyndon Choo successfully acted for the single largest shareholder of Electronic Cash and Payment Solutions (S) Pte Ltd in resisting the winding up application brought by a putative creditor.

Read more about our commentary on the Court’s decision published on the Singapore Law Watch here.