SINGAPORE: A new Insolvency Bill bringing together different pieces of legislation dealing with debt-ridden bodies is set to be introduced in the second half of 2018.
Law and Home Affairs Minister K Shanmugam said this on Thursday (Aug 24) at the Singapore Insolvency Conference 2017.
The Bill is one of a series of measures announced previously that aim to strengthen the Republics insolvency regime.
Also known as the Omnibus Insolvency Bill, the new legislation will introduce reforms to the corporate framework covering the way troubled companies manage their debts.
Features include super-priority provisions, where the court may grant super-priority status to rescue financing to help debtors when working capital dries up, a…
Read the full article at: http://www.channelnewsasia.com/news/singapore/new-insolvency-bill-set-to-be-introduced-in-second-half-of-2018-9153586
