A look at the Singapore DIP finance regime one year after inception and an overview of the key issues to consider
This time last year, on 23 May 2017, the Singapore government overhauled its debt restructuring regime by introducing enhanced debt restructuring tools in an attempt to further promote Singapore as a debt restructuring centre akin to London and New York.
In the twelve months following the introduction of the enhanced tools, a multitude of scheme filings have been made, including, for example FSL, BLD Investments, TT International, Marco Polo Marine, Empire Capital, EMS Energy, Emas Offshore, Ezra, Nam Cheong and Attilan Group Limited.
For information on the changes to the Singapore scheme of arrangement regime please click here.
This note focuses on one aspect of the enhanced Singapore debt restructuring regime – super priority rescue finance or, as it is more frequently known, DIP finance.
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