Covid-19 Act staving off restructurings, specialists say

Singapore

RESTRUCTURING companies and law firms here have been receiving more enquiries from companies seeking financing help since the circuit breaker kicked in, but they say it could be a few months before these companies schedule restructuring appointments.

Companies have so far focused on shoring up their cash positions by reducing costs or trying to raise funds. At the same time, restructuring is now less urgent due to measures recently introduced by the government.