Author

Shriram Jayakumar

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In brief Simplified Insolvency Programme (“SIP”) The Insolvency, Restructuring and Dissolution (Amendment) Bill 2020 (“Bill”) will be introduced this month and it will establish the SIP. Under the SIP, qualifying micro and small companies (“MSCs”), which are companies with an annual revenue of less than $1 million and $10 million respectively, can benefit from the two simplified but temporary processes that has been adapted from the existing framework in the Insolvency, Restructuring and Dissolution Act…