In Re Sigma Finance Corporation (in administrative receivership) and In Re The Insolvency Act 1986 [2009] UKSC 2 (29 Oct 09): Commentary

• Main Author: CHEN, Chao-hung Christopher
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2009
• Subjects: Banking and Finance Law; Contracts
• Online Access: https://ink.library.smu.edu.sg/sol_research/1093; https://ink.library.smu.edu.sg/context/sol_research/article/3045/viewcontent/20092009_SMUPUB_11CommentryonReSigmaFinanceCorp.pdf
• Institution: Singapore Management University

The case of Sigma Finance Corp was about the priority of payment under a Security Trust Deed for a structured investment vehicle (SIV). In essence, the key issue in the case was about whether debts due within the ‘realisation period’ after the occurrence of an ‘enforcement event’ should be paid ahea...