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Ann: Legal Update on Singapore High Court Action, page-34

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  1. 7,782 Posts.
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    hi android

    there is no authority really. its just a set of laws that allow you recover sums owed.

    so the courts allow bankruptcy for instance on the back of a claim, something i expect will be acted on rapidly, or allow assets to be seized to repay a claim, or bank account frozen, and properties sold. these are processes clifford chance will have fully in play for the xstate shareholders

    there was also mention here by others of specific corporate laws in singapore regarding directors should they be subject to a monetary claim, you will have to refer to posts and research their accuracy.

    essentially there is nothing left to do other than follow the due processes available in the singapore jurisdiction and use them all to immediately recover the damages claim as ruled in the WA supreme court and now valid in the Singapore jurisdiction.
 
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