Knowledge & Insights

2023 has been a monumental year for the development of Singapore case law on restructuring and insolvency. In the past few years, the focus has been on legislative reform – the introduction of ”supercharged” restructuring tools in 2017, the commencement of the omnibus Insolvency, Restructuring and Dissolution Act 2018 in 2020, and the expansion of the Singapore International Commercial Court’s jurisdiction to hear restructuring and insolvency proceedings in 2022.

In 2023, it is the courts which have maintained the steady drumbeat of Singapore’s march towards becoming a premier international restructuring hub, with a formidable string of cases clarifying the boundaries and testing the limits of the law.

In this update, we highlight ten of the most significant decisions in 2023 and discuss their implications for the restructuring and insolvency space in Singapore.

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 any of the following Partners:

Smitha MENON
Head – Restructuring & Insolvency
Partner – Special Situations Advisory
d +65 6416 8129
e smitha.menon@wongpartnership.com
Click here to view Smitha’s CV.

Lionel LEO
Partner – Restructuring & Insolvency and Special Situations Advisory
d +65 6517 3758
e lionel.leo@wongpartnership.com
Click here to view Lionel’s CV.

Stephanie YEO
Partner – Restructuring & Insolvency and Special Situations Advisory
d +65 6517 3796
e stephanie.yeo@wongpartnership.com
Click here to view Stephanie’s CV.

Joel CHNG
Partner – Restructuring & Insolvency and Special Situations Advisory
d +65 6517 8707
e joel.chng@wongpartnership.com
Click here to view Joel’s CV.

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

TAN Kai Yun
Partner – Restructuring & Insolvency and Special Situations Advisory
d +65 6416 6869
e kaiyun.tan@wongpartnership.com
Click here to view Kai Yun’s CV.

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

Adnaan NOOR
Partner – Restructuring & Insolvency and Special Situations Advisory
d +65 6416 2477
e adnaan.noor@wongpartnership.com

Eden LI
Partner – Restructuring & Insolvency and Special Situations Advisory
d +65 6517 3766
e eden.li@wongpartnership.com

Muhammed Ismail NOORDIN
Partner – Restructuring & Insolvency and Special Situations Advisory
d +65 6517 3760
e muhammedismail.konoordin@wongpartnership.com