Hiroshi Morimoto (As Trustee in Bankruptcy of Masahiko Nishiyama pursuant to the Order of the Kyoto District Court) v Masahiko Nishiyama & 4 Ors, Case No HC/OS 210/2017


2017

We acted for a Japanese trustee in bankruptcy, successfully obtaining a court order seizing SGD 124 million of monies parked in various Singapore bank accounts by one Masahiko Nishiyama. A Kyoto court had adjudicated Nishiyama to be bankrupt, as well as convicted Nishiyama of dissipating assets around the world in fraud of Nishiyama’s creditors.

In granting the order, the High Court recognised a foreign trustee in bankruptcy of an individual bankrupt. This was the first time this has been done by a Singapore court.

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