Chief Justice calls for Asian insolvency laws to keep pace with region's growth
A culture that encourages restructuring will support Asia's development, he says
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Tay Peck Gek
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Singapore
ASIAN insolvency laws have not kept pace with growth in the region, and more needs to be done soon to secure an insolvency and restructuring regime equal to the task, Chief Justice Sundaresh Menon has said.
Giving the keynote address at the 18th Annual Conference of the International Insolvency Institute on Tuesday, he talked about Singapore's efforts to strengthen its insolvency regime and announced that the city-state is exploring a way for international insolvency specialists to appear before the Singapore International Commercial Court (SICC).
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