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Expected restructuring bids could test Singapore's insolvency regime

Downturn hits after laws changed to make bankruptcy rules friendlier to debtors: lawyers

Published Sun, Sep 8, 2019 · 09:50 PM

Singapore

THE legal changes that have made Singapore's debt-restructuring regime friendlier to debtors could meet their biggest test yet as weaker economic conditions send more companies into distress, legal practitioners say.

A key turning point for debt restructuring in Singapore occurred in May 2017, when changes to the insolvency regime of the Companies Act came into force.

The main changes to the Act included the introduction of …

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