Blackstone Asia Real Estate Partners Limited (In Liquidation) & 2 Ors

[2025] SGHC 191 High Court (General Division) 24 September 2025 HC/OA 533/2022 ( HC/SUM 810/2025 ) · HC/OA 142/2023 ( HC/SUM 1789/2025 )

10 cases cited (8 SG, 2 foreign) Cited by 2 cases

Outcome

Application dismissed

“…the applications are dismissed.”

Source: [2025] SGHC 191, High Court (General Division), decided 24 September 2025. Read directly from the judgment.

Key facts

Court	High Court (General Division)
Decided	24 September 2025
Judge	Aidan Xu @ Aedit Abdullah
Charges / claim	Insolvency Law
Outcome	Application dismissed
Counsel	Cairnhill Law LLC, Drew & Napier LLC, Foo & Quek LLC, I.R.B. Law LLP, LVM Law Chambers LLC, NLC Law Asia LLC, Oon & Bazul LLP, Sreenivasan Chambers LLC, Ammani Mathivanan, Cavinder Bull, Chia Voon Jiet, Ee Yong Chun Bernard, Han Guangyuan Keith, Jerald Tan, Kong Man Er (Jiang Man'Er), Koo Jin Rong, Lye Yu Min, Melvinder Singh s/o S Ajaib Singh, Muk Chen Yeen Jonathan, Ng Lip Chih, Nicholas Tham Yong Liang, Quek Liuyong Uthai (Guo Liuyong Uthai), Rajaram Muralli Raja, Rezvana Fairouse d/o Mazhardeen, Sim Bing Wen, Tan Jinwen Mark (Chen Jinwen), Tan Lin Yin Vickie, Tan Si Xin Adorabelle, Tang Xi-Rui, Charlotte, Tay Hong Zhi Gerald, Valerie Wong Le Yee

Source: [2025] SGHC 191, High Court (General Division), decided 24 September 2025 — eLitigation. Updated 3 July 2026.

Catchwords

Insolvency Law — Cross-border insolvency

Practice Areas

Insolvency Law

Judges (1)

Aidan Xu @ Aedit Abdullah Delivered

Counsel (31)

Cairnhill Law LLC Firm Drew & Napier LLC Firm Foo & Quek LLC Firm I.R.B. Law LLP Firm LVM Law Chambers LLC Firm NLC Law Asia LLC Firm Oon & Bazul LLP Firm Sreenivasan Chambers LLC Firm Ammani Mathivanan Counsel for the applicant Cavinder Bull Counsel for the third party Chia Voon Jiet Counsel for the third party Ee Yong Chun Bernard Counsel for the applicant Han Guangyuan Keith Counsel for the applicant Jerald Tan Counsel for the third party

Kong Man Er (Jiang Man'Er) Counsel for the third party

Koo Jin Rong Counsel for the applicant

Lye Yu Min Counsel for the applicant

Melvinder Singh s/o S Ajaib Singh Counsel for the third party

Muk Chen Yeen Jonathan Counsel for the applicant Ng Lip Chih Counsel for the third party Nicholas Tham Yong Liang Counsel for the third party

Quek Liuyong Uthai (Guo Liuyong Uthai) Counsel for the third party

Rajaram Muralli Raja Counsel for the third party Rezvana Fairouse d/o Mazhardeen Counsel for the third party Sim Bing Wen Counsel for the third party Tan Jinwen Mark (Chen Jinwen) Counsel for the third party Tan Lin Yin Vickie Counsel for the third party Tan Si Xin Adorabelle Counsel for the third party Tang Xi-Rui, Charlotte Counsel for the third party Tay Hong Zhi Gerald Counsel for the third party Valerie Wong Le Yee Counsel for the third party

Parties (11)

BSI Bank Limited (In Liquidation) Third Party

Blackstone Asia Real Estate Partners Limited (In Liquidation) Applicant

Brazen Sky Limited (In Liquidation) Applicant

Standard Chartered Bank (Singapore) Limited Third Party

Angela Barkhouse Applicant

Hans Peter Brunner Third Party

Jowie Yeo (formerly known as Yeo Jiawei) Third Party

Raj Sriram Third Party

Seah Mei Ying (formerly known as) Seah Yew Foong Yvonne Third Party

Toni Shukla Applicant

Yak Yew Chee Third Party

Case Significance

[2025] SGHC 191 is a High Court (General Division) decision dated 24 September 2025 concerning Insolvency Law, specifically addressing cross-border insolvency. The judgment was delivered by Aidan Xu @ Aedit Abdullah. Legal representation was provided by LVM Law Chambers LLC. The judgment cites 10 cases (8 Singapore, 2 foreign) and references 3 statutory provisions, including the Companies Act, the Insolvency, and the Restructuring and Dissolution Act.

Summary

Liquidators of two BVI companies sought standing to pursue avoidance claims against banks in respect of transactions that occurred before the UNCITRAL Model Law came into force in Singapore. The court dismissed both applications, finding that Art 23(9) of the Singapore Model Law barred the foreign representatives from pursuing avoidance actions since the transactions predated the statute's commencement.

What was decided in [2025] SGHC 191?

[2025] SGHC 191 (Blackstone Asia Real Estate Partners Limited (In Liquidation) & 2 Ors) is a High Court (General Division) decision from 24 September 2025 addressing Insolvency Law, specifically cross-border insolvency. The judgment was delivered by Aidan Xu @ Aedit Abdullah.

Which judge decided [2025] SGHC 191?

[2025] SGHC 191 was delivered by Aidan Xu @ Aedit Abdullah in the High Court (General Division) on 24 September 2025. The case concerned Insolvency Law.

What cases and statutes does [2025] SGHC 191 cite?

[2025] SGHC 191 cites 10 prior decisions, including 2 from foreign jurisdictions. It references Companies Act, Insolvency, Restructuring and Dissolution Act.