Keep Calm and Carry On Restructuring (While Paying Rent) - Legal Update on Re Picotin Pte Ltd [2024] SGHC 156

In this legal update, we examine the Brief Remarks given by the Honourable Justice Aedit Abdullah in Re Picotin Pte Ltd [2024] SGHC 156 where His Honour clarified the law under Sections 64 and 65 of the Insolvency, Restructuring and Dissolution Act 2018 (“IRDA”) in respect of corporate group restructuring (involving a holding company and its multiple subsidiaries) and the Court’s approach in balancing the proprietary interests of landlords.

Please click on the attachment for more details.

Our article was also shared on Singapore Law Watch, commentaries section: https://www.singaporelawwatch.sg/Commentaries

For further information contact:

Justin Chia

Head, Asset Recovery, Restructuring & Insolvency Practice

Private Client Advisory Construction and Engineering Practice

Partner, Litigation Practice

[email protected]

+65 6361 9880

Kok Yee Keong

Partner

Construction and Engineering Practice

Asset Recovery, Restructuring & Insolvency Practice

[email protected]

+65 6361 9390

Charles Ho

Of Counsel

Asset Recovery, Restructuring & Insolvency Practice

Litigation and Dispute Management

[email protected]

+65 6361 9887

Toh Ming Wai

Senior Associate

Asset Recovery, Restructuring & Insolvency Practice

Litigation and Dispute Management

[email protected]

+65 6361 9394

Supporting Team Member

Chong Ee Jin

Trainee

[email protected]