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Corporate Insolvency Laws in Singapore: Restructuring and Reforms

Corporate Insolvency Laws in Singapore: Restructuring and Reforms

Amit Kumar Kashyap, Karan Parihar
Copyright: © 2019 |Pages: 24
ISBN13: 9781522555414|ISBN10: 1522555412|ISBN13 Softcover: 9781522587507|EISBN13: 9781522555421
DOI: 10.4018/978-1-5225-5541-4.ch010
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MLA

Kashyap, Amit Kumar, and Karan Parihar. "Corporate Insolvency Laws in Singapore: Restructuring and Reforms." Corporate Insolvency Law and Bankruptcy Reforms in the Global Economy, edited by Amit Kashyap, IGI Global, 2019, pp. 191-214. https://doi.org/10.4018/978-1-5225-5541-4.ch010

APA

Kashyap, A. K. & Parihar, K. (2019). Corporate Insolvency Laws in Singapore: Restructuring and Reforms. In A. Kashyap (Ed.), Corporate Insolvency Law and Bankruptcy Reforms in the Global Economy (pp. 191-214). IGI Global. https://doi.org/10.4018/978-1-5225-5541-4.ch010

Chicago

Kashyap, Amit Kumar, and Karan Parihar. "Corporate Insolvency Laws in Singapore: Restructuring and Reforms." In Corporate Insolvency Law and Bankruptcy Reforms in the Global Economy, edited by Amit Kashyap, 191-214. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-5541-4.ch010

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Abstract

Corporate rescue mechanism in Singapore is based on colonial structure, wherein the companies in distress can go for informal workouts or judicial management and schemes of arrangement under Companies Act. Singapore has just amended the Company Act and incorporated the provisions relating to insolvency and bankruptcy. The chapter reviews the use of schemes of arrangement and judicial management in Singapore as a corporate rescue mechanism and address the reform legislation of 2017 for corporate insolvency.

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