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Troubled firms wait too long to restructure and bounce back: lawyer

Top lawyer Patrick Ang says 'fear of failure' culture has resulted in firms asking for help too late

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Published Tue, May 22, 2018 · 09:50 PM

    Singapore

    ASIAN societies' aversion to failure has given bankruptcy a bad name it does not deserve, according to a top lawyer.

    This stigma surrounding corporate restructuring and insolvency means ailing companies often wait too long to call in the experts, says Patrick Ang, the deputy managing partner of Rajah & Tann Singapore.

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