QUOINE PTE. LTD. & 2 Ors
Catchwords
Practice Areas
Judges (1)
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.
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.
Statutes Cited
Cases Cited (7)
Judgment
Read the full judgment on the official Singapore Courts portal.
Read on eLitigationSource: eLitigation ([2025] SGHC(I) 5)