Crypto Spring – Will the Recognition of the Administrative Convenience Class in Zipmex Pave the Way for Crypto Restructurings in Singapore?

30 May 2023 CaseWatch

The approval of the creation of an administrative convenience class comprising low value creditors to reduce the administrative burden on restructuring entities by the General Division of the Singapore High Court in Re Zipmex Pte Ltd and other matters [2023] SGHC 88 is a positive step in promoting Singapore as a preferred restructuring destination, particularly for crypto 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:

Daniel LIU
Partner – Restructuring & Insolvency
d +65 6416 2470
e zhaoxiang.liu@wongpartnership.com
Click here to view Daniel’s CV.

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