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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"

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A framework that would help companies get back on their feet was the priority, says the minister.

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

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