Head of Restructuring & Insolvency, Meiyen Tan contributes a technical paper titled “Singapore as a forum of choice for insolvency proceedings: the story so far”.
Singapore has taken clear steps to promote itself as a hub for cross-border insolvency. Since 2013, there has been a concerted effort to develop Singapore as a forum of choice for insolvency proceedings. Head of Restructuring & Insolvency, Meiyen Tan, contributes a detailed examination of recent legislative developments and case law in this area. She explores the reform of Singapore’s legislative regime in relation to corporate insolvency before providing a short overview of Singapore’s promotion of legitimate forum shopping, and also reviews the respective stances (or likely stance) of the courts in Australia, Hong Kong, the United Kingdom (UK) and the United States (US) on the recognition of the Singaporean restructuring regime.