Foreign and comparative law, WorkoutsBy Midori Yamaguchi (Mori Hamada & Matsumoto)IntroductionJapan has long relied on court-supervised restructuring proceedings. However, over the past two decades, Japan has developed several structured out-of-court workout frameworks. These…
Foreign and comparative law, WorkoutsBy Kotaro Fuji and Marie Tanaka (Nishimura & Asahi)1. IntroductionA new law, called the “Early-Stage Business Restructuring Act” (“New Act”), which introduces a new out-of-court workout structure (“New Regime”) in Japan, was…
Singapore insolvency and restructuring lawBy Debby Lim (Dentons Rodyk & Davidson LLP)OverviewWe provide an update on the recent decision of the Singapore Court of Appeal in UT Singapore Services Pte Ltd v. Goh Thien Phong & Ors [2025] SGCA 17. The issues considered include the…
Economic and financial issues in insolvencyBy Neeti Shikha and Emily Reeve (University of the West of England)India’s personal insolvency framework is at a crossroads. As household debt climbs, digital lending proliferates, and economic shocks from job losses to rising living costs…
Economic and financial issues in insolvency, Foreign and comparative lawBy David Chew (Partner, DHC Capital) IntroductionPrivate credit continues to be in a boom phase and is experiencing rapid growth in terms of new fund launches and increasing deal sizes.In this article, which follows on from our 2024 report, we…
Economic and financial issues in insolvency, Foreign and comparative lawBy Midori Yamaguchi (Mori Hamada & Matsumoto, Tokyo, Japan)Debtor-in-possession (DIP) financing is known as the supply of additional financing to financially distressed debtors undergoing insolvency procedures. This kind of loan has become an…
Cross-border insolvencyBy Aubrey Kauffman (Partner, Fasken Martineau DuMoulin LLP) and Divi Dev (Founder, Divi Distressed Investments, L.P.) IntroductionWhen the United Nations Commission on International Trade Law ("UNCITRAL") introduced the…
Insolvency and alternative dispute resolution, Singapore insolvency and restructuring lawBy Ajinderpal Singh and Alexander Lee (Dentons Rodyk)On 13 December 2024, the SIAC released for public consultation a draft of the SIAC Insolvency Arbitration Protocol (the “Protocol”).The Protocol applies to any dispute that parties have…
Singapore insolvency and restructuring lawBy Samuel Loh and Lee Cheng (BlackOak LLC)IntroductionIn Re Dasin Retail Trust Management Pte Ltd [2025] SGHC 6 (“Re Dasin”), the Singapore High Court (the “SGHC”) addressed for the first time whether a trustee-manager of a business trust may…
Singapore insolvency and restructuring lawBy Blossom Hing SC, Chan Wei Meng, and Mitchell Yeo (Drew & Napier LLC)Introduction: An Emerging Practice in SingaporeTraditionally, for the purposes of voting in schemes of arrangement, secured creditors are classed separately from the…
