The automatic stay under the version of the UNCITRAL Model Law on Cross-Border Insolvency adopted by Singapore ("Singapore Model Law") is an accessible and powerful tool for protection under the Singapore restructuring regime...more
9/3/2021
/ Appeals ,
Automatic Stay ,
Corporate Restructuring ,
Creditors ,
Cross-Border ,
Debt Restructuring ,
Debtors ,
Insolvency ,
Malaysia ,
Singapore ,
The Model Law ,
UNCITRAL
On September 14, 2020, the US Bankruptcy Court for the Southern District of New York recognized the Indonesian court-supervised restructuring plan for the Indonesian Duniatex textiles group ("Duniatex Group") under Chapter...more
In Re PT MNC Investama TBK [2020] SGHC 149, the Singapore High Court provided guidance as to what is sufficient for a foreign company to establish standing to avail itself to the Singapore restructuring regime. Specifically,...more
9/3/2020
/ Commercial Bankruptcy ,
Companies Act ,
Corporate Restructuring ,
Foreign Corporations ,
Foreign Investment ,
Jurisdiction ,
Principal Place of Business ,
Restructuring and Dissolution Act 2018 (IRDA) ,
Scheme of Arrangement ,
Singapore ,
Singapore Exchange ,
Standing ,
Stock Exchange
The Insolvency, Restructuring and Dissolution Act 2018 (the "IRDA") came into force on 30 July 2020. The consolidation of all personal and corporate insolvency and debt restructuring legislation into a single statute, along...more
8/25/2020
/ Corporate Dissolution ,
Corporate Restructuring ,
Distressed Debt ,
Exclusions ,
Financial Distress ,
Insolvency ,
Ipso Facto Clauses ,
Loan Agreements ,
Restructuring and Dissolution Act 2018 (IRDA) ,
Singapore ,
The Insolvency