We are delighted that BlackOak has been recognized as one of the firms involved in the impact case of Ascentra Holdings & Ors v SPGK in the Benchmark Litigation Asia-Pacific Awards 2025, Impact Cases of the Year category.
In Ascentra Holdings, Inc (in official liquidation) [2023] 2 SLR 421, the Court of Appeal allowed the recognition of a solvent court-supervised voluntary liquidation as a foreign main proceeding under the Model Law. As the debtor company is solvent, the Court of Appeal subsequently decided to terminate the automatic stay which arises upon recognition of a foreign main proceeding under the Model Law in Ascentra Holdings, Inc (in official liquidation) [2024] SGCA 2. BlackOak acted for the successful Respondent in obtaining the termination of the automatic stay.
We thank our team for their hard work and also congratulate the other firms that were involved in this case.
