Summary

This dispute arises from the financing and development of a large power plant project in Vietnam. A number of related applications were put before me: (a) Gulf International Holding Pte Ltd's ("Gulf International") application to place Delta Offshore Energy Pte Ltd ("Delta") under judicial management; (b) Delta's appeal against the learned assistant registrar's (the "AR") dismissal of its application for a stay of the judicial management application pursuant to the section 6 of the International Arbitration Act 1994 (the "IAA"); and (c) Delta's application for a dismissal or stay of the judicial management application pursuant to section 91(7) of the Insolvency, Restructuring and Dissolution Act 2018 (the "IRDA").