[Webinar] Singapore Insolvency Conference 2021

Session 1: Policy Issues (Macro Session)

Singapore as a global hub for debt restructuring: Where we stand and where do we go from here?

As a financial and professional services hub, Singapore’s proximity to and central role in the region suggests that it should be the natural venue for Asian restructurings. To this end, Singapore undertook a major overhaul of its corporate restructuring and insolvency laws—by incorporating elements of the US Chapter 11 Bankruptcy Code—in 2017. The new mechanisms and provisions have been well-received, and some heavily utilised in the debt restructuring cases that followed. A pandemic that followed has also significantly shaped the restructuring landscape. Now is a good time to take stock and consider how far along Singapore has come as a debt restructuring centre; the interplay of socio-economic and policy factors that have shaped the scene; and what more Singapore can do to further its vision.