Landmark ruling lets Trikomsel unit liquidators tap commercial claims funder

Singapore

IN THE first ruling of its kind, the High Court has made a declaration that gives the liquidators of two Trikomsel subsidiaries the green light to proceed with a commercial third-party funding arrangement.

Justice Chua Lee Ming's landmark ruling on Tuesday will open the way for KordaMentha - as the liquidators of Trikomsel Pte Ltd and Trikomsel Singapore Pte Ltd - to obtain financial support from Australia-listed litigation funder IMF Bentham for investigations and potential claims.