Singapore High Court decides in landmark decision that legal and equitable set-offs are not permissible against a company in liquidation and clarifies application of the insolvency moratorium with respect to counterclaims: Allen & Gledhill

Park Hotel CQ Pte Ltd (in liquidation) & Ors v Law Ching Hung and Park Hotel Management Pte Ltd (in liquidation) & Ors v Law Ching Hung & Ors [2024] SGHC 105

The General Division of the Singapore High Court (“High Court”) in Park Hotel CQ Pte Ltd (in liquidation) & Ors v Law Ching Hung and Park Hotel Management Pte Ltd (in liquidation) & Ors v Law Ching Hung & Ors has decided two major points of insolvency law for the first time:

• First, that a counterclaim would be caught by the insolvency moratorium (which prohibits…