Singapore’s new small business restructuring and liquidation regime – a “move away from earlier efforts to ‘hold the line'”

The Singapore parliament passed the Insolvency, Restructuring and Dissolution (Amendment) Bill 2020 on 3 November 2020. It will amend the Insolvency, Restructuring and Dissolution Act 2018 to introduce simplified debt compromise and winding up measures to deal with the impact of the COVID-19 crisis, and to broaden the range of practitioners authorised to implement those […]

Dear Parliamentary Counsel

The Commonwealth Integrity Commission Bill 2020 is important in many respects and some would see the following aspect of it as not.  But I’ll press on anyway. Under s 220(2) of the Bill, the Governor-General must terminate the appointment of a commissioner (a CIC office holder) if he or she “(i) becomes bankrupt; or (ii) […]