Welcome to the 3rd edition of Going concerns where we strive to bring you the latest updates on restructuring and insolvency law. In this issue, we provide:
- An update on the extent of financial disclosure that may be ordered against a company undergoing a scheme moratorium under s. 211B(6) of the Singapore Companies Act (Cap. 50);
- A further commentary on the Insolvency, Restructuring and Dissolution Bill;
- A commentary on the Singapore recognition process of foreign bankruptcies; and
- A case study on Sit Kwong Lam v Petrolimex Singapore Pte. Ltd [2019] HKCA 1220, the requirements that the Court will look at before granting a stay/dismissal of a bankruptcy petition in Hong Kong and the impact in Singapore.
We hope you enjoy reading this issue as much as we have enjoyed preparing it. If you have any comments or would like to learn more about any topic, please feel free to contact us.
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