Knowledge & Insights

With the introduction of cross-class cramdown provisions into Singapore’s insolvency and restructuring regime, secured creditors may find themselves bound by a scheme of arrangement even if they have voted against it. Our Restructuring & Insolvency Senior Associates, Muhammed Ismail Noordin and Eden Li recently authored an article that explores the cross-class cramdown legislative provisions, in particular the requirement that such a scheme be “fair and equitable” and what this means specifically in the context of under-secured creditors.

Read the article, published in the International Insolvency & Restructuring Report 2023/24 below.