Singapore Academy of Law Journal: Reconciling Singapore’s ambitions as a debt restructuring hub and as a global financial centre

30 April 2024

Singapore positions itself as a debt restructuring hub and as a global financial centre. While these two ambitions may appear to be at odds with each other, a closer look at the regulatory regimes and restructuring and insolvency regimes applicable to the financial sector and other critical services reveals that regulation and intervention are introduced along a spectrum, depending on the financial entity and contract in question. These regimes have been carefully calibrated to ensure that market participants continue to have the certainty they require, in order to do business in Singapore.

Allen & Gledhill Partners Jo Tay, Tan Zhi Feng, and Andrew Chan explore these regimes in an article titled “Reconciling Singapore’s ambitions as a debt restructuring hub and as a global financial centre”. The article was first published in the Singapore Academy of Law Journal (2023) 35 SAcLJ 466.