In Blackstone Asia Real Estate Partners Ltd v Standard Chartered Bank [2026] SGCA 12, the Singapore Court of Appeal held that Article 23(9) of the SG Model Law prohibits granting foreign liquidators standing to bring statutory fraudulent or wrongful trading claims regarding transactions predating the Model Law's enactment in Singapore.
- Judicial Determination: Chief Justice Sundaresh Menon ruled that foreign representatives cannot bypass explicit statutory temporal bars by appealing to general residual court discretion under Article 21(1).
- Source: Read the judgment via Singapore eLitigation SGCA 12.
Singapore: Model Law Bars Retrospective Fraudulent Trading Standing (Blackstone Asia v StanChart)