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Insolvency & Restructuring

26 October 2018
Tan Meiyen Insolvency, Restructuring and Dissolution Bill passed

Singapore - Oon & Bazul LLP

The much-anticipated Insolvency, Restructuring and Dissolution Bill was recently passed. The bill aims to ensure that Singapore's restructuring and insolvency laws remain relevant and progressive to support its position as a global restructuring hub. The bill also represents the last phase of implementing recommendations from the Insolvency Law Review Committee and the Committee to Strengthen Singapore as an International Centre for Debt Restructuring.

Authors: Tan Meiyen, Thenuga Vijakumar
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Nick Moser Major restructuring and insolvency reforms announced

United Kingdom - Taylor Wessing

The government recently announced that it will legislate to update the restructuring and insolvency systems, with the aim of the United Kingdom retaining the gold-standard regime. The reforms are a response to international developments (with countries such as Spain and the Netherlands recently introducing updated insolvency systems) and some domestic corporate collapses which have put the UK system under stress.

Author: Nick Moser
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Recent updates

Ron Sitton Insolvency and Economic Rehabilitation Law introduced

Israel - Fischer Behar Chen Well Orion & Co

Author: Ron Sitton
Asli Tezcan Communique on procedures and principles regarding capital loss and insolvency introduced

Turkey - Acar & Ergonen Law Firm

Authors: Asli Tezcan, Duygu Acar Yucesoy, Sevgi Akyol Çevirir
Alexander Isola Is Beneficial Ownership Register Act compliance an insolvency administrator's duty?

Austria - Graf & Pitkowitz Rechtsanwälte GmbH

Author: Alexander Isola
Vicky Lord Discretionary beneficiaries' rights to trust information

British Virgin Islands - Harney Westwood & Riegels

Authors: Vicky Lord, Deirdre MacNamara