In Re King & Wood Mallesons and other matters [2025] SGHC 67, the General Division of the High Court of Singapore (High Court) granted recognition and reliefs under the UNCITRAL Model Law on CrossBorder Insolvency (Model Law) in respect of a consolidated reorganisation of three Chinese companies in the People’s Republic of China (PRC). This decision provides guidance to insolvency office-holders appointed under PRC law on the procedural requirements to seek recognition under the Model Law in Singapore.
Introduction
In December 2024, Australian Securities and Investments Commission (ASIC) released an updated version of Regulatory Guide RG 217. The guidance is designed to assist directors in complying with their duty to prevent insolvent trading. It sets out four key principles for directors to avoid insolvent trading, explains the safe harbour defence (which offers protection from personal liability), and clarifies ASIC’s approach to assessing breaches of duty and the application of the safe harbour defence.
Introduction
This is the story of the first Indian insolvency proceeding to be granted recognition by the Singapore Court under the UNCITRAL Model Law on Cross-Border Insolvency (“Model Law”). This recognition, besides facilitating the challenging cross-border asset recovery, has also opened the doors for deeper insolvency cooperation between India and Singapore.
Introduction
Introduction
In a landmark judgment in Re Compuage Infocom Ltd and Anr., the Singapore High Court (“Singapore HC”) has, for the very first time, recognised a Corporate Insolvency Resolution Process (“CIRP”) initiated under the Indian Insolvency and Bankruptcy Code, 2016 (“IBC”) as a ‘foreign main proceeding’ under the UNCITRAL Model Law on Cross-Border Insolvency (“Model Law”).
1. はじめに
2025年1月、企業倒産手続の簡易版プログラム（Simplified Insolvency Programme。「SIP」）の改正に関するシンガポール倒産・再生・解散法改正法案（Insolvency, Restructuring and Dissolution (Amendment) Bill）が可決されたため、本稿では改正内容を概観する。
2. 企業倒産手続の簡易版プログラム（SIP）とは
SIPは、パンデミック期間中であった2021年1月に、財政難に直面した中小・零細企業（micro and small companies／MSCs）の破綻処理を支援するために、暫定措置として導入されたものである。これは、会社再建のための債務整理や会社の効率的な清算のために、迅速かつ費用対効果の高い簡略化された手続を提供することを目的としたものであり、概要以下の2つに分類される。
In SME Care Pte Ltd v Jannie Chan Siew Lee [2025] SGHC 27, the Singapore High Court ("Court") held a bankrupt ex-director of a company personally liable to the company for failing to take steps to recover sums owed by third parties to the company.
Introduction
A trustee-manager, in the context of a business trust, actively runs the trust's operations while safeguarding the interests of investors. In the course of acting as a trustee-manager, the entity may incur liabilities in relation to activities of the business trust. How are these liabilities treated in a restructuring and insolvency? And can a trustee-manager propose a scheme of arrangement for debts incurred in its capacity as trustee-manager?