Viewing The Hanjin Collapse In Singapore With A Different Lens: The Companies (Amendment) Bill 2017. – Conventus Law

30 November, 2016

1. The insolvency scene in Singapore look set to change with the likely enactment of the Companies (Amendment) Bill 2017 (the Bill).
2. Would the Bill have made any difference to the management of Hanjin Shipping Co Ltd’s (“Hanjin”) insolvency in Singapore? We explore this issue below as well as touch on certain key provisions of the Bill.
3. On 1 September 2016, Hanjin, unable to sustain its mounting losses, obtained a rehabilitation order from the Korean court to protect itself from creditors and allow it to restructure its debts in accordance with a rehabilitation order approved by the creditors and t…

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