The Evolution of Corporate Rescue in Singapore

27 Insolv. LJ 18 (2019)

22 Pages Posted: 30 Nov 2020

Date Written: 2019

Abstract

Singapore has recently adopted changes to the structure of its scheme of arrangement that result in the procedure being seen as a hybrid between traditional common law schemes and the US Chapter 11 procedure. The new scheme model adds to the range of procedures already available in Singaporean law that contemplate restructuring as a possible outcome and, together with changes to the cross-border framework in insolvency, offer the prospect that Singapore could become a regional, if not global, hub for restructuring activity. This article looks at the corporate rescue framework as it has developed to include the latest reforms.

Keywords: Insolvency, Singapore, Schemes, Chapter 11 Bankruptcy

Suggested Citation

Watters, Casey and Omar, Paul J., The Evolution of Corporate Rescue in Singapore (2019). 27 Insolv. LJ 18 (2019), Available at SSRN: https://ssrn.com/abstract=3731676 or http://dx.doi.org/10.2139/ssrn.3731676

Casey Watters (Contact Author)

Bond University ( email )

Gold Coast, QLD 4229
Australia

Paul J. Omar

Nottingham Law School

Chaucer Building
Burton Street
Nottingham, NG1 5LT
United Kingdom

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