Category: Debt Restructuring

Contingent Liabilities As A Basis For The Composition of Debts [Insolvency Law] [Restructuring] [Company Law] [Companies Act] [Statutory Interpretation]

In the freshly released judgment in Re Empire Capital Resources Pte Ltd [2018] SGHC 36, the Singapore High Court reiterated that a scheme of arrangement under Singapore law could lawfully release third-party claims, i.e. the creditors’ claims against entities / persons other than (or in addition to) the […]

Part 3 – Conclusion: “Brand Singapore” as an International Debt Restructuring Hub [Insolvency & Restructuring Law]

*Originally published on LinkedIn here. Certain further amendments and changes to the content have been made. At the INSOL 2017 Congress, one of the hot topics was the upcoming legislative amendments to Singapore’s Companies Act, coming into effect this 31 March 2017 videthe Companies (Amendment) Bill 2017 (the […]

Part 2: Building “Brand Singapore”​ as an International Debt-Restructuring Hub [Insolvency & Restructuring Law]

*Originally published on LinkedIn here. Certain further amendments and changes to the content may have been made. [A] Adopting the Guidelines for Communication and Cooperation between Courts in Cross-Border Insolvency Matters On 1 February 2017, the Singapore Supreme Court and the US Bankruptcy Court for the District of […]

Part 1: Building “Brand Singapore”​ as an International Hub for Debt Restructuring (Part 1) [Insolvency & Restructuring Law]

Introduction The landmark decision of the Singapore High Court inRe Pacific Andes Resources Development Ltd and other matters [2016] SGHC 210 (“Re PARD” or the “Judgment“) is demonstrative of the present attitude and policy objectives of the Singapore Courts towards creating an environment conducive to cross-border restructuring. A […]