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PARLIAMENT

Hyflux case cited to show benefits of new insolvency, restructuring law

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Shortly after filing for a moratorium to support its restructuring proceedings, certain creditors of Hyflux declared an event of default had occurred.

Singapore

SHORTLY after filing for a moratorium to support its restructuring proceedings, certain creditors of Hyflux declared an event of default had occurred. Based on this, the creditors exercised their contractual rights, such as the acceleration of...

sentifi.com

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