This update examines this decision by the Singapore International Commercial Court (“SICC”) which marks the first time cross-border restructuring matters were heard in this court. The SICC recognised Garuda Indonesia’s PKPU Proceeding and Composition Plan under the UNCITRAL Model Law on Cross-Border Insolvency.

The issue on where to legally locate cryptocurrency for the purposes of legal claims is one which continues to generate debates. The General Division of the High Court of Singapore’s recent decision in Cheong Jun Yoong v Three Arrows Capital Ltd and others [2024] SGHC 21 (Cheong v 3AC) offers some guidance on this and this update examines the key takeaways and possible limits of this decision.

Admiralty and Shipping — Bills of lading

Criminal Law — Offences

Arbitration — Stay of court proceedings

Arbitration — Arbitral tribunal

Civil Procedure — Pleadings

The Vietnamese government is introducing amendments to the Land Law, Housing Law, and Real Estate Trading Law, aiming to curb real estate speculation and enhance efficient land usage.