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Article
In Re Sigma Finance Corporation (in administrative receivership) and In Re The Insolvency Act 1986 [2009] UKSC 2 (29 Oct 09): Commentary
SMU Highlights
  • Chao-hung Christopher CHEN, Singapore Management University
Publication Type
Magazine Article
Publication Date
11-2009
Abstract

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 ahead of other shortterm creditors.

Publisher
Singapore Management University
City or Country
Singapore
Citation Information
Chao-hung Christopher CHEN. "In Re Sigma Finance Corporation (in administrative receivership) and In Re The Insolvency Act 1986 [2009] UKSC 2 (29 Oct 09): Commentary" SMU Highlights Iss. 11 (2009) p. 1 - 5
Available at: http://works.bepress.com/christopher_chen/17/