Going concerns - March 2025

Restructuring & Insolvency | 21/03/2025

As we approach the fifth anniversary of Singapore's modernisation of its restructuring and insolvency regime through the Insolvency, Restructuring and Dissolution Act 2018, the latest edition of Going concerns examines key developments in Singapore and Hong Kong. This includes a recent innovative approach to creditor classification in a scheme of arrangement, the tools available to a Singapore liquidator to restrain creditors, the sanctity of the pari passu distribution regime, and Hong Kong's first reported judgement on fraudulent trading.

Content

Declassifying classification
Protecting an insolvent company's asset – injunctions and unfair prejudice
Safeguarding the pari passu distribution regime – insolvency set-off and debt trafficking
Liquidators' victory in fraudulent trading claims

We hope you find this edition insightful and look forward to your continued support in future editions. Please feel free to reach out if you would like to discuss any of the topics covered.

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