After months of public consultations and revision, the Singapore parliament passed the Companies (Amendment) Bill (the “Bill“) on 10 March 2017 amending the Singapore Companies Act (the “Companies Act“). The Bill contains, among others, significant and novel changes to Singapore’s insolvency laws. This is no doubt a giant step towards positioning Singapore as Asia Pacific’s Debt Restructuring Hub with cross-border restructuring capabilities.
Introduction – The Bill
The Bill a culmination of the recommendations of the Insolvency Law Review Committee and the reforms suggested by the Committee to Strengthen Singapore as an International Debt Restructuring Centre introduces reforms to enhance the effectiveness and…
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