Singapore liquidators restrained as court sets out its powers in Wirecard-related case

Singapore liquidators restrained as court sets out its powers in Wirecard-related case

The liquidators of a Singaporean fintech company should be restrained from dealing with money allegedly obtained as proceeds from criminal offences relating to the German Wirecard Group, a local court has ruled, setting out its power to grant assistance in foreign criminal matters where it clashes with insolvency legislation.

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