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Zeming Liu

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The Insolvency, Restructuring and Dissolution Act (the IRDA) commenced on 30 July 2020. The IRDA is an omnibus legislation that consolidates Singapore’s personal insolvency, corporate insolvency and debt restructuring laws into a single legislation. The IRDA will replace the Bankruptcy Act and the corporate insolvency and restructuring provisions in the Companies Act, each of which will be repealed. The IRDA also introduces new changes to the insolvency framework in Singapore. For more information, please view…

The Singapore Companies (Amendment) Act 2017 (“Act“)[1], which came into force on 23 May 2017, introduced significant new legislative tools to rescue distressed companies and significantly enhanced Singapore’s schemes of arrangement and judicial management processes.

The Act also introduced into Singapore law the UNCITRAL Model Law on Cross Border Insolvency (“Model Law”) facilitating the recognition of cross border insolvency processes in Singapore.