Fixing the shareholder holdout problem in Singapore
By Stephanie Yeo and Clayton Chong (WongPartnership LLP)
When a company is attempting a restructuring via a scheme of arrangement in Singapore, shareholders often wield significant blocking power…
Recent case law developments in Singapore’s restructuring and insolvency laws show balancing between pro-rehabilitation policies and pro-creditor policies
By Kei-Jin Chew and Clare Chia Ming Lee (Norton Rose Fulbright Ascendant…
The Singapore International Commercial Court and its role in establishing Singapore as a nodal jurisdiction
By Clayton Chong and Muhammed Ismail Noordin (WongPartnership LLP)
Singapore has made no secret of its ambitions to be an international…
Common Issues Arising from the Moratorium against Enforcement of Security and Repossession of Goods under Quasi-Security Arrangements
By Jo Tay and Ee Jia Min (Allen & Gledhill LLP)
Introduction
Under the Insolvency, Restructuring…
A Comparative Look at the Ipso Facto Regime
By Meiyen Tan and Keith Han (Oon & Bazul)
The new Insolvency, Restructuring and Dissolution Act 2018 (“IRDA”) came into effect on 30 July 2020 and introduces several key updates to the existing…
Building a Restructuring Hub: Lessons from Singapore
By Aurelio Gurrea-Martinez (Singapore Management University)
Insolvency law plays an essential role in the real economy. On the one hand, an attractive insolvency framework for debtors can…
Singapore’s First Reported Decision on Pre-packaged Schemes of Arrangement
By Debby Lim (BlackOak LLC)
Introduction
In Re DSG Asia Holdings Pte Ltd [2021] SGHC 209 (“Re DSG”), the Singapore Court dismissed an application to approve a pre-packaged…
The significance of the Brazilian recognition of Singapore’s proceedings over Prosafe SE
By Sean Lee (Singapore Global Restructuring Initiative)
The recent decision by the Brazilian court to recognise proceedings in Singapore for the restructuring…
The swift and silent restructuring of Singapore’s Pacific International Lines
By Stephanie Yeo (WongPartnership)
On 31 March 2021, the world’s 12th largest liner company and Southeast Asia’s largest carrier Pacific International Lines (PIL)…
Singapore Court of Appeal holds that companies are now to be adjudged insolvent using only the cash flow test
By Meiyen Tan and Keith Han (Oon & Bazul)
In Sun Electric Power Pte Ltd v RCMA Pte Ltd (formerly known as Tong Teik Pte Ltd) [2021]…