JTJB Legal Update January 2017
In a climate where many commercial entities are struggling financially, the recent decision of the Singapore High Court in Centaurea International Pte Ltd v Citus Trading Pte Ltd [2016] SGHC 264 provides both businesses and professional liquidators with welcome clarity on the legal position in relation to retrospective validation of payments made by an insolvent company after the commencement of winding up proceedings.…
