QUOINE PTE. LTD. & 2 Ors

Q: Which legislation does [2025] SGHC(I) 5 consider?

The judgment refers to Bankruptcy Code, Insolvency, Restructuring and Dissolution Act, and Restructuring and Dissolution Act. The statutes cited are listed in full on this page, each linking to its primary text.

[2025] SGHC(I) 5 Singapore International Commercial Court 26 February 2025 SIC/OA 23/2024 30 min read

7 cases cited Cited by 1 case

Key facts

Court	Singapore International Commercial Court
Decided	26 February 2025
Judge	James Michael Peck
Charges / claim	Insolvency Law

Source: [2025] SGHC(I) 5, Singapore International Commercial Court, decided 26 February 2025 — eLitigation. Updated 3 July 2026.

Catchwords

Insolvency Law — Cross-border insolvency — Recognition of foreign insolvency proceedings

Practice Areas

Insolvency Law

Judges (1)

James Michael Peck Delivered

Parties (3)

Quoine Pte Ltd Applicant Kurt Steven Knipp Applicant Philippe Armand Hubert Taverne Applicant

Case Significance

[2025] SGHC(I) 5 is a Singapore International Commercial Court decision dated 26 February 2025 concerning Insolvency Law, specifically addressing cross-border insolvency. The judgment was delivered by James Michael Peck. The judgment cites 7 cases and references 3 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) 5 explained

QUOINE PTE. LTD. & 2 Ors ([2025] SGHC(I) 5) is a Singapore judgment decided by the Singapore International Commercial Court on 26 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) 5 about?

QUOINE PTE. LTD. & 2 Ors ([2025] SGHC(I) 5) is a Singapore International Commercial Court decision from 2025. Its published catchwords are “Insolvency Law — Cross-border insolvency — Recognition of foreign insolvency proceedings”, 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) 5 consider?

The judgment refers to Bankruptcy Code, Insolvency, Restructuring and Dissolution Act, and Restructuring and Dissolution Act. The statutes cited are listed in full on this page, each linking to its primary text.

What earlier Singapore cases does [2025] SGHC(I) 5 cite?

Among the in-corpus authorities it refers to are [2025] SGHC(I) 4. 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) 5?

Within this corpus, [2025] SGHC(I) 5 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

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.

What was decided in [2025] SGHC(I) 5?

[2025] SGHC(I) 5 (QUOINE PTE. LTD. & 2 Ors) is a Singapore International Commercial Court decision from 26 February 2025 addressing Insolvency Law, specifically cross-border insolvency. The judgment was delivered by James Michael Peck.

Which judge decided [2025] SGHC(I) 5?

[2025] SGHC(I) 5 was delivered by James Michael Peck in the Singapore International Commercial Court on 26 February 2025. The case concerned Insolvency Law.

What cases and statutes does [2025] SGHC(I) 5 cite?

[2025] SGHC(I) 5 cites 7 prior decisions. It references Bankruptcy Code, Insolvency, Restructuring and Dissolution Act. The decision has itself been cited by 1 subsequent judgment.