WHITE OAK TRADE FINANCE ASSETCO 1, LLC v RHODIUM INTERNATIONAL TRADING USA, INC.

[2025] SGHC 68 High Court (General Division) 11 April 2025 • HC/CWU 32/2022 ( HC/SUM 949/2025 ) • 4 min read

Catchwords

Insolvency Law — Winding up — Liquidator — Whether appointment of additional liquidator appropriate and proper

Practice Areas

Insolvency Law

Judges (1)

Aidan Xu @ Aedit Abdullah Delivered

Counsel (4)

AsiaLegal LLC Firm Aditya Bhattacharya Counsel Plaintiff Koh Wei Yang Eugene Counsel Plaintiff Tan Thye Hoe Timothy Counsel Plaintiff

Parties (2)

Rhodium International Trading USA, Inc Defendant White Oak Trade Finance Assetco 1, LLC Plaintiff

Case Significance

[2025] SGHC 68 is a High Court (General Division) decision dated 11 April 2025 concerning Insolvency Law, specifically addressing winding up. The judgment was delivered by Aidan Xu @ Aedit Abdullah. The case was brought by White Oak Trade Finance Assetco 1, LLC (plaintiff) against Rhodium International Trading USA, Inc (defendant). Legal representation was provided by AsiaLegal LLC. The judgment references 2 statutory provisions, including the Insolvency and the Restructuring and Dissolution Act.

Summary

A creditor sought appointment of an additional liquidator to a company in winding up solely for the purpose of attending a deposition in US proceedings, after the original liquidator was said to be unable to answer questions. The court dismissed the application, criticising the artificial urgency and finding no proper basis for the appointment, and directed the original liquidator to file an affidavit explaining his work in the liquidation.

What was decided in [2025] SGHC 68?

[2025] SGHC 68 (WHITE OAK TRADE FINANCE ASSETCO 1, LLC v RHODIUM INTERNATIONAL TRADING USA, INC.) is a High Court (General Division) decision from 11 April 2025 addressing Insolvency Law, specifically winding up. The judgment was delivered by Aidan Xu @ Aedit Abdullah.

Who were the parties in WHITE OAK TRADE FINANCE ASSETCO 1, LLC v RHODIUM INTERNATIONAL TRADING USA, INC.?

The plaintiff in [2025] SGHC 68 was White Oak Trade Finance Assetco 1, LLC, and the defendant was Rhodium International Trading USA, Inc. Legal representation included AsiaLegal LLC. The case was decided on 11 April 2025 in the High Court (General Division).

Which judge decided [2025] SGHC 68?

[2025] SGHC 68 was delivered by Aidan Xu @ Aedit Abdullah in the High Court (General Division) on 11 April 2025. The case concerned Insolvency Law.

What cases and statutes does [2025] SGHC 68 cite?

references Insolvency, Restructuring and Dissolution Act.

Statutes Cited

Insolvency, Restructuring and Dissolution Act
Restructuring and Dissolution Act

Judgment

Read the full judgment on the official Singapore Courts portal.

Read on eLitigation

Source: eLitigation ([2025] SGHC 68)