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?
Filed under:
Singapore, Insolvency & Restructuring, Litigation, Rajah & Tann Asia, Moratorium, Insolvency, Business Trusts Regulations 2005 (Singapore), Business Trusts (Summary Financial Statement) Regulations 2005 (Singapore), Business Trusts Act 2004 (Singapore), Insolvency, Restructuring and Dissolution Act 2018 (Singapore), Trustee, Singapore High Court
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