Recent Developments in Schemes of Arrangement in Singapore: Classification of Creditors and Scheme Manager's Conflicts of Interest: Royal Bank of Scotland (Formerly Known as ABN Amro Bank ) v. TT International Ltd

Posted: 15 Apr 2014 Last revised: 15 Aug 2014

See all articles by Wai Yee Wan

Wai Yee Wan

City University of Hong Kong (CityUHK) - Centre for Chinese & Comparative Law; Singapore Management University - School of Law

Date Written: December 15, 2012

Abstract

This note discusses Royal Bank of Scotland v. TT International (Re TT International), where the Singapore Court of Appeal had to consider three important issues in relation to the creditors’ scheme of arrangement involving a financially distressed company: first, the classification of creditors; second, the role of the scheme manager and third, the effect of non-disclosure of the scheme manager’s success-based fee to the creditors.

Suggested Citation

Wan, Wai Yee, Recent Developments in Schemes of Arrangement in Singapore: Classification of Creditors and Scheme Manager's Conflicts of Interest: Royal Bank of Scotland (Formerly Known as ABN Amro Bank ) v. TT International Ltd (December 15, 2012). Journal of Business Law 552, 2013 , Singapore Management University School of Law Research Paper No. 27/2014, Available at SSRN: https://ssrn.com/abstract=2425051

Wai Yee Wan (Contact Author)

City University of Hong Kong (CityUHK) - Centre for Chinese & Comparative Law ( email )

83 Tat Chee Avenue
Room P5300, 5th Floor, Academic 1
Kowloon Tong
Hong Kong

Singapore Management University - School of Law ( email )

55 Armenian Street
Singapore, 179943
Singapore

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