Court Intervention in a Judicial Manager's Decision - The Test for Unfair Prejudice
By Mark Cheng and Ho Zi Wei (Rajah & Tann Asia)
Introduction
Under Singapore's restructuring and insolvency regime, a judicial manager has a degree of…
Guide to Conducting Applications for Moratoria Pursuant to Schemes of Arrangement
By Sheila Ng and Raelene Pereira (Rajah & Tann Asia)
Introduction
The Insolvency, Restructuring and Dissolution Act 2018 ("IRDA") allows a company…
Who can decide to put a company into a creditors’ voluntary liquidation: the members, the creditors and/or someone else?
By Kia Jeng Koh (Dentons Rodyk & Davidson LLP)
Introduction
The Court of Appeal (SGCA) had the opportunity to…
The Tax Treatment of Haircuts in Financial Reorganizations in Singapore
By Hui Min Chiow (Student, Singapore Management University)
A debt restructuring generally involves an agreement between a debtor and its creditors with the purpose of helping…
Cramdown Powers under Singapore’s Scheme of Arrangement
By Terry Xu Hongli (Student, Singapore Management University)
Introduction
Many countries and regions around the world, including Singapore, the United Kingdom and the European Union, have…
Singapore’s First “Pre-Packaged” Scheme of Arrangement
By Debby Lim (BlackOak LLC)
On 22 January 2018, the Singapore High Court (“Court”) sanctioned the first “pre-packaged” scheme of arrangement under Singapore’s new restructuring and insolvency…
Singapore's New Simplified Insolvency Programme for Micro and Small Companies
By Hui Min Chiow (Student, Singapore Management University)
Introduction
In response to the severe and continuing economic effects of the COVID-19 pandemic, the…
Restructuring and Insolvency in the Recovery Phase of the COVID-19 Pandemic: Lessons from Singapore
By Aurelio Gurrea-Martinez (Singapore Management University)
Introduction
After the outbreak of the coronavirus (COVID-19), many countries…
Court-ordered mediation in restructuring proceedings: the next reform?
By Ashok Kumar (BlackOak) and Koh Wei Lun (BlackOak)
The Singapore court has promoted insolvency mediation as a tool with tremendous utility and has encouraged parties to…
Schemes of Arrangement in Singapore: Empirical and Comparative Analysis
By Wai Yee Wan (City University of Hong Kong), Casey Watters (Bond University) and Gerard McCormack (University of Leeds)
In 2017, Singapore…