Navigating cross-border bankruptcy: Gilbert + Tobin has assisted in the recognition of foreign bankruptcy proceedings in Australia, acting for the trustees in bankruptcy in a successful application to recognise Singaporean bankruptcy proceedings.
Background
In the recent decision of Duncan (Trustee) v Shrestha, in the matter of Shrestha [2022] FCA 1601, Gilbert + Tobin acted for Cameron Lindsay Duncan and David Dong-Won Kim from KordaMentha Singapore (the Trustees) in an application to recognise foreign bankruptcy proceedings in Australia. The proceeding was initiated by the Trustees in their capacity as trustees of the bankrupt estate of Mr Shrestha (the Bankrupt). The Bankrupt had been a director of several Singaporean companies incl…
Read the full article at: https://www.gtlaw.com.au/knowledge/case-note-duncan-trustee-v-shrestha-matter-shrestha-2022-fca-1601