Singapore’s restructuring and insolvency regime offers a wide variety of tools for dealing with corporate non-performing loans and loan defaults. To avoid the “man-with-a-hammer” syndrome, it is important to understand the nuances of these tools and how they can be suitably deployed in different scenarios. The sophistication of the tools has greatly increased with legislative enhancements made in recent years. This allows borrowers and lenders alike to formulate bespoke strategies that best suit each particular situation.
This note summarises the key features of the restructuring and insolvency options in Singapore, and sets out a decision-making matrix to guide banks and other lending institutions in selecting which options may be preferred under various conditions.
If you would like information or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
Alvin CHIA
Partner – Banking & Finance
d +65 6416 8214
e alvin.chia@wongpartnership.com
Click here to see Alvin’s CV.
TAN Kai Yun
Partner – Restructuring & Insolvency
d +65 6416 6869
e kaiyun.tan@wongpartnership.com
Click here to see Kai Yun’s CV.