Cross-Border Restructuring and Insolvency Between Singapore and Malaysia
By Lee Shih (Lim Chee Wee Partnership) and Ashok Kumar (BlackOak LLC)
I. Introduction
The close economic ties between Singapore and Malaysia have led to an increasing number…
‘Good’ and ‘bad’ reasons for the opening of parallel restructuring proceedings
By Ilya Kokorin (Leiden University)
Introduction
It is often the case that financial distress of a firm is addressed in several proceedings opened in different…
Garuda Indonesia’s restructuring recognised in Singapore: The SICC delivers its first insolvency judgment
By Scott Atkins and Charles Nugent-Young (Norton Rose Fulbright)
Introduction
The Singapore International Commercial Court (SICC), which…
The Implementation of the Model Law on Cross-Border Insolvency: International Divergences and Challenges Ahead
By Aurelio Gurrea-Martinez (Singapore Management University)[1]
Synopsis
The Model Law on Cross-Border Insolvency (‘MLCBI’) was…
Full-steam Ahead for Mainland-Hong Kong Cooperation Mechanism to Recognise and Assist Insolvency Proceedings in Pilot Areas and Beyond
By Vincent Law, Raymond Yang, Johnson Ng, Emily Chen (Mayer Brown)
The pilot measure for mutual recognition and…
Singapore International Commercial Court recognises Garuda’s Indonesian restructuring in landmark decision
By Nandakumar Ponniya, Emmanuel Chua, Darrell Lee, and Yong Li Yap (Baker McKenzie Wong & Leow)
On 18 January 2024, the Singapore…
Chinese property developer Sunac receives Chapter 15 recognition
By Julie Goodrich Harrison (Norton Rose Fulbright)
In what is believed to be a first—a United States Bankruptcy Court in November 2023 recognized, as a “foreign main proceeding”, the…
A Commitment Rule for Insolvency Forum
By Anthony Casey (University of Chicago Law School), Aurelio Gurrea-Martinez (Singapore Management University), and Robert Rasmussen (USC Gould School of Law)
The Model Law on Cross-Border…
Singapore Court of Appeal lifts automatic stay in recognition application under Singapore’s UNCITRAL Model Law on Cross-Border Insolvency
By Samuel Loh and Stanley Tan (BlackOak LLC)
Introduction
In Ascentra Holdings, Inc (in official liquidation…
The MLCBI, the COMI and Emerging Markets: Is it Time for Amendments?
By Rosa M. Rojas-Vertiz (Instituto Tecnológico Autónomo de México (ITAM) – Law School)
In a recent article, The MLCBI, the COMI, and Emerging Markets: Is it Time for Amendments…