Zhong Shan Strategic Fund v Rg Strategy Fund VCC

[2025] SGHC 174 High Court (General Division) 29 August 2025 HC/CWU 227/2025 70 min read
17 cases cited Cited by 1 case

Key facts

Court High Court (General Division)
Decided
Judge Kristy Tan
Charges / claim Insolvency Law
Counsel Dan Tan Law LLC, Nine Yards Chambers LLC, Sim Chong LLC, Andrew Ong Yi Kai, Lee Yew Boon, Sim Chong, Tan Soo Peng Daniel, Yeo Lai Hock, Nichol

Source: [2025] SGHC 174, High Court (General Division), decided — eLitigation. Updated .

Catchwords

Practice Areas

Judges (1)

Counsel (8)

Parties (3)

Case Significance

[2025] SGHC 174 is a High Court (General Division) decision dated 29 August 2025 concerning Insolvency Law, specifically addressing winding up. The judgment was delivered by Kristy Tan. The case was brought by Zhong Shan Strategic Fund (applicant) against RG Strategy Fund VCC (respondent). Legal representation was provided by Nine Yards Chambers LLC and Dan Tan Law LLC. The judgment cites 17 cases and references 5 statutory provisions, including the Companies Act, the Insolvency, and the Restructuring and Dissolution Act. This decision has been cited by 1 subsequent judgment in the dataset.

[2025] SGHC 174 explained

Zhong Shan Strategic Fund v Rg Strategy Fund VCC ([2025] SGHC 174) is a Singapore judgment decided by the High Court (General Division) on 29 August 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 174 about?

Zhong Shan Strategic Fund v Rg Strategy Fund VCC ([2025] SGHC 174) is a High Court (General Division) decision from 2025. Its published catchwords are “Insolvency Law — Winding up — Sub-fund — Standing — Creditor”, “Insolvency Law — Winding up — Sub-fund — Standing — Contributory”, “Insolvency Law — Winding up — Sub-fund — Grounds for petition — Actual insolvency”, and “Insolvency Law — Winding up — Sub-fund — Standing — Contingent or prospective creditor”, 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 174 consider?

The judgment refers to Companies Act (Cap 50), Insolvency, Restructuring and Dissolution Act, Restructuring and Dissolution Act, and Securities and Futures Act (Cap 289), 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 174 cite?

Among the in-corpus authorities it refers to are [2025] SGHC 171, [2025] SGHC 163, and [2024] SGCA 27. The complete list of cases cited, and of later cases that cite this decision, is shown on this page.

How influential is [2025] SGHC 174?

Within this corpus, [2025] SGHC 174 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

In the first published decision on winding up a sub-fund under the Variable Capital Companies Act, an investor applied to wind up a sub-fund for alleged insolvency and on just and equitable grounds after its share redemption requests were not fulfilled. The court dismissed the application, finding no debt was due and owing because redemptions were validly suspended under the fund's constitutional documents, and the application was brought in abuse of process.

What was decided in [2025] SGHC 174?

[2025] SGHC 174 (Zhong Shan Strategic Fund v Rg Strategy Fund VCC) is a High Court (General Division) decision from 29 August 2025 addressing Insolvency Law, specifically winding up. The judgment was delivered by Kristy Tan.

Who were the parties in Zhong Shan Strategic Fund v Rg Strategy Fund VCC ([2025] SGHC 174)?

The applicant in [2025] SGHC 174 was Zhong Shan Strategic Fund, and the respondent was RG Strategy Fund VCC. Legal representation included Nine Yards Chambers LLC and Dan Tan Law LLC. The case was decided on 29 August 2025 in the High Court (General Division).

Which judge decided [2025] SGHC 174?

[2025] SGHC 174 was delivered by Kristy Tan in the High Court (General Division) on 29 August 2025. The case concerned Insolvency Law.

What cases and statutes does [2025] SGHC 174 cite?

[2025] SGHC 174 cites 17 prior decisions. It references Companies Act, Insolvency, Restructuring and Dissolution Act. The decision has itself been cited by 1 subsequent judgment.

Statutes Cited

Cases Cited (17)

SG (5)
SLR (12)
[1991] 2 SLR(R) 567 [2006] 3 SLR(R) 827 [2007] 2 SLR(R) 268 [2008] 2 SLR(R) 491 [2008] 4 SLR(R) 348 [2018] 1 SLR 763 [2019] 3 SLR 1189 [2021] 2 SLR 478 [2022] 5 SLR 991 [2023] 2 SLR 554 [2023] 5 SLR 1435 [2025] 1 SLR 141

Cited By (1)

Related cases

Other Singapore judgments involving the same parties or counsel.

Referenced in

Judgment

Read the full judgment on the official Singapore Courts portal.

Read on eLitigation

Source: eLitigation ([2025] SGHC 174)