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Insolvency, Restructuring and Dissolution Act to commence on July 30, says Ministry of Law

Vivienne Tay

Published Thu, Jul 23, 2020 · 09:50 PM

Singapore

THE Insolvency, Restructuring and Dissolution Act, together with its 48 related pieces of subsidiary legislation, will commence on July 30, 2020, Singapore's Ministry of Law (MinLaw) said on Thursday.

The Act is an omnibus legislation that consolidates the Republic's personal and corporate insolvency and debt restructuring laws into a single piece of legislation. It also updates relevant laws to be aligned with international best practices, according to MinLaw.