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Rather than prescribing a single set of rules for all states to adopt, the Model Law focuses on trying to: Identify the most relevant jurisdiction in relation to a cross-border insolvency (called the "foreign main proceeding"); Ensure that insolvency officials from that jurisdiction are recognised in other states; and
Logo of the Insolvency and Public Trustee's Office. The Insolvency & Public Trustee's Office (IPTO) in Singapore is a department under the Ministry of Law.IPTO oversees the administration of individual and corporate insolvencies, the administration of small intestate estates and un-nominated Central Provident Fund (CPF) monies, as well as the licensing and regulation of moneylenders and ...
Typically, cross-border insolvency is more concerned with the insolvency of companies that operate in more than one country rather than bankruptcy of individuals. Like traditional conflict of laws rules, cross-border insolvency focuses upon three areas: choice of law rules, jurisdiction rules and enforcement of judgment rules. [2]
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Post-bankruptcy filing, CMED's liquidator found itself probing an alleged $355 million insider fraud. In March 2017, the U.S. Department of Justice criminally indicted the CMED founder and CEO, as well as the former Chief Financial Officer, charging them with securities fraud and wire fraud conspiracy for stealing more than $400 million from ...
On July 13, 2015, DonJon filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Connecticut with a debt of $32,509,549.91. Modern bankruptcy law often distinguishes reorganization , in which only some of the bankrupt's assets are taken, a repayment plan is devised and part of the debt is discharged , from ...
1.12 Singapore. 1.13 South Africa. 1.14 Sri Lanka. 1.15 United States. ... List of statutory rules and orders of Northern Ireland This page was last edited on 26 ...
Tamanaha, Brian [Z.] (December 2012), "The History and Elements of the Rule of Law", Singapore Journal of Legal Studies: 232– 247, SSRN 2255262. Thio, Li-ann (December 2012), "Between Apology and Apogee, Autochthony: The 'Rule of Law' Beyond the Rules of Law in Singapore", Singapore Journal of Legal Studies: 269– 297, SSRN 2255266.