The Court of Appeal in Sun Electric Power Pte Limited v RCMA Asia Pte Ltd (formerly known as Tong Teik Pte Ltd) [2021] SGCA 60 has recently released a decision that made several important clarifications about the law of insolvency in Singapore.  This case is important because it appears to be a major departure from the rigid cashflow/balance sheet tests which were previously applied.

Read on for the important developments in insolvency law from this game changing case.