Recent case law developments in Singapore’s restructuring and insolvency laws show balancing between pro-rehabilitation policies and pro-creditor policies | Australia | Global law firm

Singapore continues to develop its status as an upcoming international hub for debt restructuring. The nation-state updated and strengthened its restructuring and insolvency laws in recent years, primarily through enacting the omnibus Insolvency, Restructuring and Dissolution Act 2018 (IRDA) and incorporating the UNCITRAL Model Law on Cross-Border Insolvency (the Model Law) into Singapore law. The…

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Insolvency Service launches ambitious strategy to tackle economic crime and improve corporate standards

The Insolvency Service’s new investigation and enforcement strategy will see the agency play a leading role in tackling economic crime and improving corporate standards Over the next five years, the agency will prosecute a wider range of offences, increase enforcement against companies acting against the public interest, and recover proceeds of crime The Insolvency Service…

Govt Authority Can’t Seek Status Of Secured Operational Creditor Based On Dues Arising From HPGST Or CGST Acts: NCLAT

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) has held that GST dues arising from the Himachal Pradesh Goods and Services Tax Act (HPGST) and Central Goods and Services Tax (CGST) cannot be given precedence over…

Debt Management Communications Toolkit V1

The Fairness Group The Government Debt Management Function (GDMF) Functional Centre provides strategic leadership and sets the cross-government policy and strategy for managing debt owed to government. The GDMF comprises around 7,000 public servants that work across over 20 ministerial departments and Arms Length Bodies to resolve and recover debt. In 2016, the GDMF Functional…