Singapore: Insolvency/Bankruptcy

The Singapore Court of Appeal has reaffirmed how courts handle disputed debts involving arbitration clauses, while the Singapore International Arbitration Centre has introduced its Restructuring and Insolvency Arbitration Protocol. These developments significantly impact creditors and debtors when arbitration and insolvency proceedings intersect, establishing clearer boundaries for winding-up applications and strengthening protections against abuse of process.

In 2017, Singapore adopted the UNCITRAL Model Law on Cross-Border Insolvency (Singapore Model Law), to aid in the recognition of, and assistance to, foreign insolvency proceedings...

In the course of corporate insolvency, there are certain obstacles that must be navigated in order to progress from initiating a winding up application to the actual winding up of the company.