Global and Regional Practices in Financial Restructuring and Bankruptcy Laws: Lessons to Be Learned from Singapore

Singapore has a generally well-regarded restructuring and insolvency regime. This chapter sets out the authors’ opinion as to what are the possible lessons one can glean from Singapore’s restructuring and insolvency regime. As will be apparent from this chapter, no system is perfect, and Singapore has learnt from its history and experience as its insolvency regime continues to develop. Before dealing with what the possible lessons are, this chapter will briefly introduce the Singapore legal system and the history and laws governing restructuring and insolvency. These are important for understanding the context in which the Singapore restructuring and insolvency regimes operate. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.