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
9/5/2020
/ Corporate Dissolution ,
Cramdown ,
Creditors ,
Debt Restructuring ,
Insolvency ,
Ipso Facto Clauses ,
Judicial Management ,
Liquidation ,
New Legislation ,
Restructuring and Dissolution Act 2018 (IRDA) ,
Scheme of Arrangement ,
Singapore ,
Third Party Funding ,
Wrongful Trading
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 landmark decision in Design Studio introduces the US rescue financing concept of "roll-ups" to Singapore. This is the first case to consider the appropriateness of the roll-up feature in Singapore and is a pragmatic...more