BG Quick Briefings: Restructuring & Insolvency (Video)

The Singapore Court of Appeal has reaffirmed how courts handle disputed debts involving arbitration clauses, while the Singapore International Arbitration Centre has introduced its Restructuring and Insolvency Arbitration Protocol. These developments significantly impact creditors and debtors when arbitration and insolvency proceedings intersect, establishing clearer boundaries for winding-up applications and strengthening protections against abuse of process.

On 30 July 2020, the Insolvency, Restructuring and Dissolution Act 2018 (IRDA) came into operation.

When a company holding a leasehold interest in a JTC property ("Lessee") runs into financial distress, the usual enforcement playbook employed by mortgagees or chargees, receivers appointed by mortgagees...

When a company is being wound up or is in judicial management, the Court may – upon the application of the liquidator, the judicial manager, or a creditor...

On 30 July 2020, the Insolvency, Restructuring and Dissolution Act 2018 (IRDA) came into operation. The IRDA is an omnibus legislation housing all of Singapore's insolvency...

When one creditor's money discharges another debtor's liability in a shipping insolvency, can that creditor inherit the discharged lender's security and leapfrog other claimants? The Singapore High Court's decision in Re Da Shun Shipping clarifies the boundaries between equitable subrogation, admiralty priorities, and insolvency restructuring when multiple creditors compete over limited vessel sale proceeds.

This case concerns the quantum of professional fees reflected in a bill of costs issued by the receivers and managers ("R&Ms") of Airtrust (Singapore) Pte Ltd ("Airtrust").

The Singapore High Court considered the status of security interests in commingled stock and whether the said security interests survived commingling.

On March 10, 2017, Singapore's Parliament approved the Companies (Amendment) Bill 2017 (the "Act") to enhance the country's corporate debt restructuring framework.

Liquidator remuneration in insolvency proceedings often raises difficult questions; especially in large corporate collapses where the work is extensive...