Singapore Schemes of Arrangement: Empirical and Comparative Analysis

Wai Yee Wan; Casey G. Watters; Gerard McCormack

Singapore Schemes of Arrangement: Empirical and Comparative Analysis

Wai Yee Wan
, Casey G. Watters
, Gerard McCormack

Faculty of Law

Research output: Contribution to journal › Online Resource › Research

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 language	English
Journal	Harvard Law School Bankruptcy Roundtable
Publication status	Published - 10 Feb 2021

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http://blogs.harvard.edu/bankruptcyroundtable/2021/02/09/singapore-schemes-of-arrangement-empirical-and-comparative-analysis/Licence: Free to read

Singapore Schemes of Arrangement: Empirical and Comparative Analysis
Wan, W. Y., McCormack, G. & Watters, C. G., 2021, In: HERO: Herstructurering & recovery online. B-018.
Research output: Contribution to journal › Online Resource › Research

Open Access
Schemes of Arrangement in Singapore: Empirical and Comparative Analyses
Wan, W. Y., Watters, C. & McCormack, G., 2020, In: American Bankruptcy Law Journal. 94, 3, p. 463-505 43 p.
Research output: Contribution to journal › Article › Research › peer-review

Cite this

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title = "Singapore Schemes of Arrangement: Empirical and Comparative Analysis",

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.",

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Singapore Schemes of Arrangement: Empirical and Comparative Analysis

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Singapore Schemes of Arrangement: Empirical and Comparative Analysis

Schemes of Arrangement in Singapore: Empirical and Comparative Analyses

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