On March 10, 2017, Singapore's Parliament approved the Companies (Amendment) Bill 2017 ("Act") to enhance the country's corporate debt restructuring framework. The Act was assented to by President Tony Tan Keng Yam on March 29, 2017, and became effective after it was published in the Singapore Government Gazette on March 30, 2017.
For the benefit of our clients and friends investing in European distressed opportunities, our European Network is sharing some current developments.
Recent Developments
Introduction
On November 8 2016 Parliament adopted the Sapin II Act to promote:
- transparency;
- the fight against corruption; and
- the modernisation of the economy.
The act authorises the government to make decisions regarding legislative matters, including with regard to clarifying and modernising the status of security agents and their role in restructurings.
Introduction
For the benefit of our clients and friends investing in European distressed opportunities, our European Network is sharing some current developments.
Recent Developments
Recent Developments
Recent Developments
Introduction
A significant factor in the success of restructurings negotiated in French out-of-court processes (whether ad hoc mandates or conciliations) is the absolute confidentiality of the discussions conducted by a company and the relevant stakeholders (usually creditors, existing or new sponsors or key clients) under the supervision of a court-appointed insolvency practitioner.
Recent Developments
Recent Developments