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A First-of-its-Kind Ruling: Singapore High Court Recognizes Indian CIRP under the UNCITRAL Model Law on Cross-Border Insolvency
The Singapore High Court recognised an Indian CIRP under the UNCITRAL Model Law. The ruling affirms India’s CIRP as a ‘foreign proceeding’, clarifies COMI principles, and establishes safeguards for Singapore-based creditors, paving the way for more robust cross-border insolvency cooperation.
Apr 185 min read