Bridge over troubled water – SGX’s proposed enhancements to the corporate restructuring and trading resumption framework By Valerie Ong, Debby Lim, and Ian Low (Dentons Rodyk)  Introduction No company is immune to financial troubles in the…
The Beauty of Belk’s Sixteen-Hour Bankruptcy Case By Robert K Rasmussen (University of Southern California) and Roye Zur (Elkins Kalt Weintraub Reuben Gartside) In recent years, Chapter 11 of the Bankruptcy Code has prompted critics to claim that…
Game Theory in Action: Making the Deal Happen in Large and Complex Debt Restructurings (2/2) By Ravindran Navaratnam (Sage 3) Introduction In the first part of the series, we shed light on the dynamics that exist between the borrowers and…
Final ruling of the Dutch Supreme Court on the pre-pack of Heiploeg By Omar Salah and Alexander Govers (Norton Rose Fulbright) Introduction On 6 October 2023, the Dutch Supreme Court granted its final ruling on the pre-pack in the Heiploeg-case…
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…
When informal workouts don’t work out: English High Court rules bank that lent support to restructuring did not dishonestly assist in putting assets beyond creditors’ reach By Gareth Thomas, Jojo Fan, Peter Ng, and Grace Lee (Herbert Smith…
English High Court confirms validity of Galapagos SA out of court restructuring By Gemma Long and Helen Coverdale (Norton Rose Fulbright)  Overview The long running saga in relation to the 2019 Galapagos SA out of court restructuring appears…
Creditors Strike Back: The Return of the Cooperation Agreement By Samir Parikh (Lewis & Clark Law School) In the low interest rate environment that followed the Great Recession, a fanatical demand for high-yield investments provided private…
Non-Financial Liabilities and Effective Corporate Restructuring By Bo Becker (Stockholm School of Economics) and Jens Josephson (Stockholm Business School) The system for managing corporate insolvency varies in fundamental ways between countries,…
The Rise of Pre-Packs as a Restructuring Tool: Theory, Evidence and Policy By Aurelio Gurrea-Martinez (Singapore Management University)  The use of pre-packs as a restructuring tool has been traditionally popular in countries like the United…