In CH Biovest Pte Ltd v Envy Asset Management Pte Ltd (in liquidation) and others [2025] SGCA 3, the Court of Appeal dismissed an appeal against the decision of the General Division of the High Court that the appellant was required to repay the sums it obtained as an investor in the first respondent’s Ponzi scheme pursuant to the statutory avoidance provisions under s 73 of the Conveyancing and Law of Property Act (Cap 61, 1994 Rev Ed) (“CLPA”) and s 224 of the Insolvency, Restructuring and Dissolution Act 2018 (Act 40 of 2018) (“IRDA”). Read more: go.gov.sg/2025sgca3.