Singapore Schemes of Arrangement: Empirical and Comparative Analysis

Wai Yee Wan, Casey G. Watters, Gerard McCormack

Research output: Contribution to journalOnline ResourceResearch

Abstract

The scheme of arrangement, brought to Singapore through a transplantation of English law, provides one of the most flexible debt restructuring tools for companies. In 2017, Singapore enacted substantial reforms to its insolvency laws, transplanting elements of US Chapter 11, including a moratorium, rescue financing, and cross-class cramdown, into the flexible Singapore restructuring regime. Our paper (published recently in the American Bankruptcy Law Journal) addresses the effectiveness of English-modelled schemes as debt-restructuring tools in Singapore, both pre-2017 reforms and as a hybrid with elements of Chapter 11.
Original languageEnglish
JournalHarvard Law School Bankruptcy Roundtable
Publication statusPublished - 10 Feb 2021

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