Page 3 - Dissolution Act News Today

With cheap capital, low-interest rates, and government support all coming to an end, insolvency cases are expected to increase in the next few months. As the restructuring process offers Asian corporates the ideal outcomes for creditors and debtors, lawyers in the space expect to have their hands full for some time. 

In its inaugural list, Asian Legal Business presents thenext generation of the country’s lawyers who have demonstrated great potential in the industry, while earning wide acclaim from their clients in the process. The list is in alphabetical order and some lawyers have been profiled.

A general introduction to the legal and regulatory framework governing third party litigation funding in Singapore.

Adip Mittal v Offshore Holding Company Pte Ltd [2022] SGHC 239 is the first Singapore case dealing with when a director can apply for the winding up of a company.

A general introduction to the laws and regulations governing securitisation transactions in Singapore.

Since 1 October 2022, the Singapore International Commercial Court now has jurisdiction to hear cross-border restructuring and insolvency matters. In addition, foreign lawyers may be...

In Re Zipmex Co Ltd (2022), the Singapore High Court held that Thai, Indonesian and Australian subsidiaries of the Zipmex Group had their Centre of Main Interest in Singapore. It noted...

Under the Insolvency, Restructuring and Dissolution Act 2018, a transfer of shares in a company made after the commencement of winding up of that company by the Court is void unless...

Injunction restraining the creditor from initiating winding-up proceedings can be granted if the debt is disputed on bona fide and substantial grounds. There are genuine cross claims based on substantial grounds exceeding the debt amount.

Restructuring debt obligations under Singapore law can be an attractive option for companies seeking debtor-led reorganisations, as the country aims to be a centre for debt restructuring in Asia. There are options for non-Singapore companies to take advantage of the jurisdiction’s scheme of arrangement regime.