Hatten Land Files for Judicial Management
Hatten Land Files for Judicial Management
Under the Insolvency, Restructuring and Dissolution Act 2018, an automatic moratorium will take effect from the filing date of the judicial management application. During this period, no orders or resolutions for the company's winding up can be made, enforcement of security over company property or repossession of goods under certain agreements will be prohibited unless court-approved, no new proceedings against the company may be initiated or continued without court permission, and no legal enforcement actions, including distress, can be taken against the company or its property without court approval.It has also proposed the appointment of Tan Wei Cheong and Lim Loo Khoon as joint judicial managers.
它還提議任命陳偉昌和林露坤爲聯合司法經理。
Hatten Land Limited announced that it has filed an application with the general division of the High Court of Singapore to place the company under judicial management.
Hatten Land Limited宣佈，它已向新加坡高等法院普通分庭提出申請，要求將該公司置於司法管理之下。
The company has proposed the appointment of Tan Wei Cheong and Lim Loo Khoon from Deloitte & Touche Financial Advisory Services Pte. Ltd. as joint and several judicial managers.
該公司已提議任命德勤會計師事務所財務諮詢服務私人有限公司的陳偉昌和林露坤。Ltd. 擔任聯合和多名司法經理。
Under the Insolvency, Restructuring and Dissolution Act 2018, an automatic moratorium will take effect from the filing date of the judicial management application. During this period, no orders or resolutions for the company's winding up can be made, enforcement of security over company property or repossession of goods under certain agreements will be prohibited unless court-approved, no new proceedings against the company may be initiated or continued without court permission, and no legal enforcement actions, including distress, can be taken against the company or its property without court approval.
根據2018年《破產、重組和解散法》，自動暫停將從司法管理申請提交之日起生效。在此期間，不得發佈公司清盤命令或決議，除非獲得法院批准，否則禁止對公司財產執行擔保或收回某些協議下的貨物，未經法院許可，不得對公司提起或繼續進行新的訴訟，未經法院批准，不得對公司或其財產採取任何執法行動，包括危險。
The company has also requested an interim judicial management order to appoint Tan and Lim as interim judicial managers pending the court's decision on the full judicial management application. Trading of Hatten Land Limited's shares has been halted since 2 August, and the company has requested a suspension of trading as of 5 August.
該公司還要求發佈臨時司法管理令，在法院對全面司法管理申請作出裁決之前，任命Tan和Lim爲臨時司法經理。惠勝置地有限公司的股票自8月2日起停止交易，該公司已要求自8月5日起暫停交易。
The applications for judicial management and interim judicial management are part of the company's proactive efforts to aid its ongoing restructuring process and to prevent any immediate actions by creditors.
司法管理和臨時司法管理的申請是公司積極努力的一部分，旨在爲正在進行的重組過程提供幫助，並防止債權人立即採取任何行動。
The judicial management measures specifically pertain to the company and are not anticipated to affect the operations of its subsidiaries or business units, which will continue to function under their current management.
司法管理措施特別適用於公司，預計不會影響其子公司或業務部門的運營，這些子公司或業務單位將繼續在其現任管理下運作。
