The Singapore High Court recently issued the first-ever super-priority order for debts arising from rescue financing under Section 211E(1)(b) of the amended insolvency laws in the Companies Act. The decision shows that the court is open to adopting relatively unique deal structures, and could be a benefit for more business-centric solutions.
Singapore, USA, Company & Commercial, Insolvency & Restructuring, Litigation, Morgan, Lewis & Bockius LLP, Title 11 of the US Code, Companies Act, Singapore High Court