AsianScientist (Jun. 3, 2019) By Jeremy Chan Amidst uncertainties in the global economy whether they be caused by international tensions or digital disruption companies may suddenly find themselves facing financial hardship. Should debt exceed income for extended periods of time, the likelihood of defaulting on payments to creditors rises, and the shadow of insolvency looms large.
Indeed, corporate defaults have become increasingly commonplace since the 2008 financial crisis, and law firms in the region have observed an uptick in cases involving companies seeking to restructure corporate debt. Different countries have different insolvency laws governing corporate debt restructuring, but executed properly, s…
Read the full article at: https://www.asianscientist.com/2019/06/features/corporate-insolvency-law-singapore/
