학술논문

The Evolution of Corporate Rescue in Singapore.
Document Type
Article
Source
Insolvency Law Journal. May2019, Vol. 27 Issue 1, p18-34. 17p.
Subject
Common law
Debt relief
International bankruptcy
Corporate reorganizations
Law reform
Language
ISSN
1039-3293
Abstract
Singapore has recently adopted changes to the structure of its scheme of arrangement that result in the procedure being seen as a hybrid between traditional common law schemes and the US Chapter 11 procedure. The new scheme model adds to the range of procedures already available in Singaporean law that contemplate restructuring as a possible outcome and, together with changes to the cross-border framework in insolvency, offer the prospect that Singapore could become a regional, if not global, hub for restructuring activity. This article looks at the corporate rescue framework as it has developed to include the latest reforms. [ABSTRACT FROM AUTHOR]