THE JOINT AND SEVERAL LIQUIDATORS OF SHANGHAI HUAXIN GROUP (HONGKONG) LTD (IN LIQUIDATION) v. CSSC ENERGY (SINGAPORE) PTE. LTD
The Court held that an offset agreement extinguishing a US$37.97 million receivable was a transaction at an undervalue, rejected abuse of process, and revived the claim.
- Transaction at an undervalue
- Set aside transaction
- Section 265d
- Statutory defence
- Abuse of process
- Restitution and remedies