The Business Times
business-time-50
SUBSCRIBERS

Singapore’s judicial management regime under review

google-preferred-sourceAdd BT as a preferred source
Kelly Ng

Kelly Ng

Published Thu, Sep 22, 2022 · 06:56 PM
    • Minister Edwin Tong says Singapore is well­-positioned to be the restructuring jurisdiction of choice, especially for crypto platforms with their increasingly big presence in Asia.
    • Minister Edwin Tong says Singapore is well­-positioned to be the restructuring jurisdiction of choice, especially for crypto platforms with their increasingly big presence in Asia. PHOTO: BT FILE

    SINGAPORE authorities are looking to overhaul the judicial management regime to ensure that it is not used as a precursor to winding up, Second Minister for Law Edwin Tong said on Thursday (Sep 22).

    Officials will undertake a root-and-branch study to review, among other things, the types of applicants suitable for judicial management, such as which are the viable companies with reasonable prospects for rehabilitation.

    The study will also look at tailoring the judicial manager’s expertise and domain knowledge to specific debtors, especially where the debtor does business in a specialised industry, said Tong, who was speaking at a debt restructuring conference organised by the Singapore International Commercial Court (SICC) and Insol International.

    Debt restructuringInsolvencyMinistry of Law

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Senior Minister of State for Digital Development and Information Tan Kiat How said the government is working with partners who have access to Anthropic's Mythos to understand its capabilities.

    MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More