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 ) • 22 min read

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

Catchwords

Insolvency Law — Cross-border insolvency

Practice Areas

Insolvency Law

Judges (1)

Aidan Xu @ Aedit Abdullah Delivered

Counsel (31)

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.