The Evolution of Corporate Rescue in Singapore
27 Insolv. LJ 18 (2019)
22 Pages Posted: 30 Nov 2020
Date Written: 2019
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: Suggested Citation