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Baker McKenzie Wong & Leow

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The Singapore Parliament has passed the COVID-19 (Temporary Measures) Act (2020) (the “Act”) to alleviate the consequences that the global pandemic has caused to businesses in Singapore. The Act provides temporary relief in relation to the breach of obligations under specified contracts and further provides relief to financially distressed individuals and businesses in relation to insolvency proceedings. To comply with social distancing directives, the Act also provides for alternative arrangements to conduct company meetings, introduces…

Since the Insolvency and Bankruptcy Code, 2016 (the “Code”) came into effect in India in December 2016, over 200 applications have been filed under the Code. While various decisions have helped clear up some ambiguities, they have also raised more questions. Rulings of the National Company Law Tribunal and its appellate body, the National Company Law Appellate Tribunal, have opened discussions around interpretations of different provisions of the Code. In partnership with Shardul Amarchand Mangaldas &…