Taking Stock of the Insolvency Tests In Section 254 of the Companies Act
24 Pages Posted: 10 Feb 2012
Date Written: December 31, 2011
Abstract
The recent Court of Appeal decision in BNP Paribas v. Jurong Shipyard Pte Ltd is a landmark decision on the insolvency tests in s. 254 of the Companies Act. Although the court did not expressly decline to follow English law, various propositions in the judgment mark the beginning of a distinct Singaporean jurisprudence on the meaning of the insolvency tests. This article explains the old law, which is poorly understood due to a lack of discussion, and examines the extent to which that has been altered by BNP.
Suggested Citation: Suggested Citation
Meng Seng Wee (Contact Author)
National University of Singapore (NUS) - Faculty of Law ( email )
469G Bukit Timah Road
Eu Tong Sen Building
Singapore, 259776
Singapore
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Taking Stock of the Insolvency Tests In Section 254 of the Companies Act
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