1 October.2015
In The STX Mumbai [2015] SGCA 35, a five-member Court of Appeal sat to hear an admiralty case for the first time. The case involved a novel issue of an anticipatory breach of an executed contract. The significance is two-fold: under what circumstances may legal action be brought before the credit period expires and also, whether insolvency of a parent company has an impact on its subsidiary, possibly disregarding the corporate veils. This Update provides a summary of the decision.
Please click here to view the update.
For further information, please contact:
Kah Wah Leong, Partner, Rajah & Tann
kah.wah.leong@rajahtann.com
