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ARTICLE · 20 SEPTEMBER 2024

Asia-Pacific Restructuring Review 2025

Mayer Brown
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Singapore's DIP fnancing regime was introduced to much fanfare in 2017 as a step towards positioning Singapore as a global restructuring hub...

GlobalInsolvency/Bankruptcy/Re-Structuring
Pierre Dzakpasu
Pierre Dzakpasu
Anne Jesudason
Anne Jesudason
Florence W. Y. Li
Florence W. Y. Li
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IN SUMMARY

Singapore's DIP fnancing regime was introduced to much fanfare in 2017 as a step towards positioning Singapore as a global restructuring hub; however, uptake of the regime has been poor. Nevertheless, the handful of cases that have made use of the framework reveal interesting trends in the courts' interpretation of the legislation. Although US case law remains persuasive, and the Singapore regime draws much inspiration from the US equivalent, the Singapore regime should not mirror the US regime given its original purpose and the idiosyncrasies of the Asian market. There remains reason to be optimistic about the future of Singapore's regime, and it is expected to be put to greater use in the coming years.

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Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England & Wales), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) and non-legal service providers, which provide consultancy services (collectively, the "Mayer Brown Practices"). The Mayer Brown Practices are established in various jurisdictions and may be a legal person or a partnership. PK Wong & Nair LLC ("PKWN") is the constituent Singapore law practice of our licensed joint law venture in Singapore, Mayer Brown PK Wong & Nair Pte. Ltd. Details of the individual Mayer Brown Practices and PKWN can be found in the Legal Notices section of our website. "Mayer Brown" and the Mayer Brown logo are the trademarks of Mayer Brown.

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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