QUOINE PTE. LTD. & 2 Ors

Quoine Pte Ltd, an FTX affiliate and Singapore-incorporated cryptocurrency exchange, sought recognition of its US Chapter 11 bankruptcy case as a foreign main proceeding under Singapore's adoption of the UNCITRAL Model Law. The SICC recognised the proceedings as a foreign main proceeding, finding the US was Quoine's centre of main interests given the FTX Group's centralised management in Delaware, and granted ancillary relief including recognition of key Bankruptcy Court orders and a stay on proceedings against Quoine's Singapore assets.