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Singapore has 'good start' in bid to become debt restructuring hub

Indranee Rajah says key to a good restructuring is for the parties and the court "to take a commercial approach to it"

Published Thu, Nov 23, 2017 · 09:50 PM

Singapore

SINGAPORE has made "a good start" in its bid to become a debt restructuring hub in the region, with six workout cases filed before its courts after it adopted US Chapter 11-like incentives in local company laws this year, Senior Minister of State for Law and Finance Indranee Rajah said.

Indonesian developer PT Bakrieland Development is set to complete its group restructuring after a plan by its unit, BLD Investments Pte …