More restructuring, insolvency cases likely in 2021 as reliefs end

Singapore

WHEN the novel coronavirus hit Singapore, many companies had to pivot quickly to survive. The journey has been more perilous than expected, and will result in many injured and in need of rescue after government's measures such as debt moratoriums, the Jobs Support Scheme (JSS) and rental rebates expire.

Patrick Ang, managing partner of Rajah & Tann Singapore, told The Business Timesthere are many potential restructuring and insolvency cases brewing.