SINGAPORE The Ministry of Law (MinLaw) is calling for public feedback on proposed changes to corporate insolvency laws in the Republics first phase of legislative reforms that seek to bolster its position as an international centre for debt restructuring.
The launch of public consultation yesterday came after MinLaw, in June 2014, broadly accepted recommendations by the Insolvency Law Review Committee (ILRC) to update Singapores corporate insolvency and bankruptcy laws. In July this year, the ministry also took on suggestions by the Committee to Strengthen Singapore as an International Centre for Debt Restructuring (Restructuring Committee) on ways to enhance the Republics attractiveness as a venue to conduct international de…
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