Knowledge & Insights

Singapore has invested significant efforts in positioning itself as a regional restructuring hub in recent years, introducing substantial reforms and enhancements to improve the effectiveness of its debt restructuring regime. These reforms include enhanced moratorium protections, super-priority for rescue financing, “pre-packaged” schemes of arrangements, and restrictions on the operation of ipso facto clauses.

In yet another step to encourage foreign companies to restructure their debts in Singapore, the Singapore International Commercial Court (SICC) opened its doors to cross-border restructuring and insolvency matters in 2022.

This update discusses some of the features which make the SICC a desirable venue for cross-border debt restructurings.

If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or the following:

Manoj Pillay SANDRASEGARA
Co-Head – Special Situations Advisory
Partner – Indonesia Practice
d +65 6416 8106
e manoj.sandra@wongpartnership.com
Click here to view Manoj’s CV.

Mark CHOY
Co-Head – Special Situations Advisory
Partner – Indonesia Practice
d +65 6416 8014
e mark.choy@wongpartnership.com
Click here to view Mark’s CV.

Clayton CHONG
Partner – Special Situations Advisory
Partner – Restructuring & Insolvency
d +65 6416 2472
e clayton.chong@wongpartnership.com
Click here to view Clayton’s CV.

Adnaan NOOR
Counsel – Special Situations Advisory
Counsel – Restructuring & Insolvency
d +65 6416 2477
e adnaan.noor@wongpartnership.com
Click here to view Adnaan’s CV.