Corporate Insolvency, Restructuring and Dissolution Proceedings

As the global economy becomes increasingly interconnected, the complexities of corporate restructuring and cross-border insolvencies require a dispute resolution forum that is uniquely positioned to meet the needs of users across multiple jurisdictions. The Singapore International Commercial Court (SICC) is recognised for its expertise and experience in adjudicating complex corporate insolvency, restructuring and dissolution matters. The SICC has jurisdiction to hear proceedings relating to corporate insolvency, restructuring, and dissolution matters that are both international and commercial in nature. In the main, these are cases under Singapore’s Insolvency, Restructuring and Dissolution Act 2018, which provides a range of insolvency and restructuring procedures and adopts the UNCITRAL Model Law on Cross-Border Insolvency. The SICC is primed to manage and determine complex cross-border insolvency and restructuring cases given its deep bench of international commercial judges with expertise in insolvency cases, its bespoke, streamlined and flexible procedures which combine the strengths of common law and civil law traditions, and the availability of foreign lawyers to submit in such proceedings before the SICC, among other unique features of the SICC. The SICC, as part of the Singapore courts, is an active member of the Judicial Insolvency Network and supports the use of court-to-court protocols that facilitate communication across borders, thus enabling the smooth coordination of group restructuring and recognition proceedings.

You may refer to the following resources for more information: