TERRAFORM LABS PTE. LTD.

Q: Which legislation does [2025] SGHC(I) 4 consider?

The judgment refers to Bankruptcy Code, Insolvency, Restructuring and Dissolution Act, Legal Profession Act (Cap 161), and Restructuring and Dissolution Act, among other provisions. The statutes cited are listed in full on this page, each linking to its primary text.

[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

Key facts

Court	Singapore International Commercial Court
Decided	21 February 2025
Judge	James Michael Peck
Charges / claim	Insolvency Law
Counsel	Allen & Gledhill LLP, Drew & Napier LLC, Kirkland & Ellis LLP, WongPartnership LLP, Casey McGushin, Chris Koenig, Elizabeth Jones, Felicia Soong Wanyi, Fong Shi-Ting, Fay, Michael Williams, Rajan Menon Smitha, Samuel Navindran, Samuel Soo Kuok Heng, Tan Chee Meng, Yong Wei Jun Jonathan

Source: [2025] SGHC(I) 4, Singapore International Commercial Court, decided 21 February 2025 — eLitigation. Updated 3 July 2026.

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.

[2025] SGHC(I) 4 explained

TERRAFORM LABS PTE. LTD. ([2025] SGHC(I) 4) is a Singapore judgment decided by the Singapore International Commercial Court on 21 February 2025. It is categorised under Insolvency Law. Within this corpus it has since been cited by 1 other reported Singapore judgment, a measure of how often later decisions have referred to it. This page summarises what the reported decision covers and links the primary sources — the full judgment, the statutes it cites, and the other cases it engages with — so the decision can be read in context. It is reference information, not legal advice, and it does not state the outcome or any holding beyond what the official judgment records.

What is [2025] SGHC(I) 4 about?

TERRAFORM LABS PTE. LTD. ([2025] SGHC(I) 4) is a Singapore International Commercial Court decision from 2025. Its published catchwords are “Insolvency Law — Cross-border insolvency”, which indicate the subject matter the judgment addresses. The full reasoning and orders are in the judgment itself, linked below.

Which legislation does [2025] SGHC(I) 4 consider?

The judgment refers to Bankruptcy Code, Insolvency, Restructuring and Dissolution Act, Legal Profession Act (Cap 161), and Restructuring and Dissolution Act, among other provisions. The statutes cited are listed in full on this page, each linking to its primary text.

What earlier Singapore cases does [2025] SGHC(I) 4 cite?

Among the in-corpus authorities it refers to are [2024] SGHC(I) 7. The complete list of cases cited, and of later cases that cite this decision, is shown on this page.

How influential is [2025] SGHC(I) 4?

Within this corpus, [2025] SGHC(I) 4 has been cited by 1 later reported Singapore judgment. That count reflects references from other decisions held in this corpus only and is a conservative lower bound on how often the case has actually been cited.

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.