Insolvency

Cases such as FTX’s collapse and Garuda’s restructuring highlight the need for judicial coordination across jurisdictions

The eyecare chain’s remaining two stores, which are under franchise arrangements, will continue operating and are unaffected

The new programme will become a permanent feature of the Insolvency, Restructuring and Dissolution Act 2018

Car distributors contend that forged documents were used to double finance car loans; almost 300 cars meant for repossession cannot be located

Increased scrutiny by banks and finance companies may not have a big impact on the larger, market-moving players

Senior Minister of State for Transport Sun Xueling says this is because the drivers are unsecured creditors

This means its creditors including DBS, OCBC, UOB can continue claims or writs of asset seizure and sale

The group also files for a new six-week interim moratorium to facilitate investment negotiations

The High Court ruling opens the way for creditor actions and insolvency proceedings, which may include being wound up