As REITs, VCCs, business trusts, LLPs and partnerships take on a larger role in Singapore’s economy, not all of them sit neatly within the core restructuring toolkit under the Insolvency, Restructuring and Dissolution Act 2018 (IRDA), Singapore’s main insolvency legislation.
The result is a fragmented landscape: companies benefit from a full suite of restructuring tools, while non-company structures often rely on more limited or “workaround” solutions shaped by structure rather than statute.
In our recent chapter of the International Insolvency & Restructuring Report 2026/27, Smitha Menon (Head of Restructuring & Insolvency) together with Joel Chng, Daniel Liu, Eden Li, Clayton Chong (Partners) and Associate Kajal Bhatia explore how these gaps play out in practice and the evolving techniques used to bridge them.
The analysis also raises a broader question: as these structures become more systemically important, is a more unified approach to restructuring needed.
Click below to read the full chapter.