Cross-border insolvency – introductory paragraph:    The decision in a recent Singapore case may be the missing part of the puzzle for cross-border recognition cases.   The Singapore High Court granted recognition of insolvency proceedings commenced in Tokyo, notwithstanding that the companies in question were incorporated in the British Virgin Islands (“BVI”).  In doing so, the court relied upon a common law application of COMI principles to grant recognition, and arguably filled a gap by finding that there is a basis for courts to recognise insolvency office holders appointed in a jurisdiction other than the place of incorporation.  Continue reading