Singapore Expats Forum

CUSTOMER RIGHTS in STORAGE CO Bankruptcy

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.

Sponsored by:
Image
Citibank International Wealth Management

jackass
Newbie
Newbie
Posts: 4
Joined: Sun, 05 Oct 2008

CUSTOMER RIGHTS in STORAGE CO Bankruptcy

Postby jackass » Thu, 09 Oct 2008 3:17 pm

say i put my things in storage here while outa sing for a while....

In the event that the storage co: files for bankcruptcy & I have been regular in paying all my dues under ctrct, then does the court liquidator have title to my goods in your storage & thus can dispose of as he likes?

1 Co. says custy loses all rights, another says that custy retains title to goods thru bankcruptcy, & will explicitly spell this out in the contract.

however, there may some provision in SG bankcruptcy law that voids all prior contracts & normal custy rights - which is why 1 Co. says custy loses all rights

given the the current business climate & the leverage in asian RE ! like to look at alL the risks.

sorry for asking for free legal advice! but even an opinion or experience wud be welcome.
cheers

User avatar
jpatokal
Moderator
Moderator
Posts: 3014
Joined: Tue, 09 Dec 2003
Location: Terra Australis Incognita

Postby jpatokal » Thu, 09 Oct 2008 9:20 pm

This is going to depend on the small print of your storage agreement, so read carefully!

At least at CISCO, though (or at least according to my understanding of their agreement), what's in the box is yours and CISCO has no right to it. Pretty much the only exception is if you don't pay for it and/or come collect after termination, in which case they can do what they like to the contents.
Vaguely heretical thoughts on travel technology at Gyrovague


  • Similar Topics
    Replies
    Views
    Last post
  • Foreign Bankruptcy and relocation
    by Humble Pie » Tue, 28 Apr 2015 12:47 am » in Relocating, Moving to Singapore
    2
    1476
    by sundaymorningstaple View the latest post
    Tue, 28 Apr 2015 8:02 am
  • EP filing bankruptcy
    by 21cim » Mon, 28 Dec 2015 10:38 pm » in PR, Citizenship, Passes & Visas for Foreigners
    0
    1765
    by 21cim View the latest post
    Mon, 28 Dec 2015 10:38 pm
  • Can I avoid bankruptcy ?
    by dontknowwhattodo » Sat, 02 Apr 2016 12:54 pm » in Business in Singapore
    3
    2129
    by livingontheedge View the latest post
    Mon, 04 Apr 2016 2:51 pm
  • Landlord bankruptcy
    by mb25 » Fri, 28 Apr 2017 1:16 pm » in Property Talk, Housing & Rental
    13
    1711
    by ecureilx View the latest post
    Tue, 02 May 2017 11:21 am
  • Bankruptcy
    by jpinsg » Fri, 07 Jul 2017 1:07 pm » in General Discussions
    2
    1470
    by ecureilx View the latest post
    Fri, 07 Jul 2017 6:12 pm

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 1 guest