TERRAFORM LABS PTE. LTD.

[2025] SGHC(I) 4 Singapore International Commercial Court 21 February 2025 • SIC/OA 5/2024 ( SIC/SUM 57/2024 ) • 32 min read

5 cases cited Cited by 1 case

Catchwords

Insolvency Law — Cross-border insolvency

Practice Areas

Insolvency Law

Judges (1)

James Michael Peck Delivered

Counsel (15)

Allen & Gledhill LLP Firm Drew & Napier LLC Firm Kirkland & Ellis LLP Firm WongPartnership LLP Firm Casey McGushin Counsel Third Party Chris Koenig Counsel Third Party Elizabeth Jones Counsel Third Party Felicia Soong Wanyi Counsel Applicant Fong Shi-Ting, Fay Counsel Third Party Michael Williams Counsel Third Party Rajan Menon Smitha Counsel Applicant Samuel Navindran Counsel Applicant Samuel Soo Kuok Heng Counsel Third Party Tan Chee Meng Counsel Applicant Yong Wei Jun Jonathan Counsel Third Party

Parties (1)

Terraform Labs Pte Ltd Applicant

Case Significance

[2025] SGHC(I) 4 is a Singapore International Commercial Court decision dated 21 February 2025 concerning Insolvency Law, specifically addressing cross-border insolvency. The judgment was delivered by James Michael Peck. Legal representation was provided by WongPartnership LLP. The judgment cites 5 cases and references 5 statutory provisions, including the Bankruptcy Code, the Insolvency, and the Restructuring and Dissolution Act. This decision has been cited by 1 subsequent judgment in the dataset.

Summary

Terraform Labs sought recognition in Singapore of its confirmed Chapter 11 plan of liquidation and related Bankruptcy Court orders under the UNCITRAL Model Law on Cross-Border Insolvency. The SICC granted the reliefs, recognising the plan and confirmation order, authorising TFL to administer its Singapore assets in accordance with the plan, and imposing a moratorium on claims that had been compromised under the plan, rejecting a last-minute adjournment request from certain non-parties.

What was decided in [2025] SGHC(I) 4?

[2025] SGHC(I) 4 (TERRAFORM LABS PTE. LTD.) is a Singapore International Commercial Court decision from 21 February 2025 addressing Insolvency Law, specifically cross-border insolvency. The judgment was delivered by James Michael Peck.

Which judge decided [2025] SGHC(I) 4?

[2025] SGHC(I) 4 was delivered by James Michael Peck in the Singapore International Commercial Court on 21 February 2025. The case concerned Insolvency Law.

What cases and statutes does [2025] SGHC(I) 4 cite?

[2025] SGHC(I) 4 cites 5 prior decisions. It references Bankruptcy Code, Insolvency, Restructuring and Dissolution Act. The decision has itself been cited by 1 subsequent judgment.