Scheme of arrangements – a tool for restructuring?

Introduction

Filed under:
Singapore, Capital Markets, Corporate Finance/M&A, Insolvency & Restructuring, Rodyk & Davidson LLP, Shareholder, Singapore Exchange
Authors:
Nigel CHIA , WONG Hui Yi
Location:
Singapore
Firm:
Rodyk & Davidson LLP
Foreign liquidators of unregistered foreign companies

Introduction

The Singapore High Court has confirmed that it will recognize the status and powers of a foreign liquidator in the liquidation of an unregistered foreign company in Singapore.

Life cycle of a company

Statistics from the Accounting and Corporate Regulatory Authority ("ACRA") of Singapore reveal that the increasing number of companies formed in Singapore (2004:17,151; 2009:26,414) is matched by a corresponding increase in the number of companies ceasing operations (2004:5,882; 2009:22,388).

Filed under:
Singapore, Company & Commercial, Insolvency & Restructuring, Litigation, Rodyk & Davidson LLP, Share (finance), Bond (finance), Shareholder, Security (finance), Option (finance), Debt, Liquidation, Liquidator (law), Tax haven, Subsidiary, Singapore Exchange, Companies Act, Singapore High Court
Location:
Singapore
Firm:
Rodyk & Davidson LLP