The Supreme Court of Singapores
Justice Aedit Abdullah discusses the countrys
recent overhaul of its restructuring and insolvency
framework
In May 2017 Singapore implemented a major overhaul and
update of its restructuring and insolvency (R&I) regime via
amendments to the Singapore Companies Act. The new framework
aims at nothing less than to position Singapore as a foremost
international centre for cross-border R&Is. At the very
least, it has undoubtedly stolen a march on its Asian
rivals.
The new regime drew inspiration from restructuring
frameworks worldwide, among other things incorporating the US
Chapter 11 debtor-in-possession (DI…
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