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Risks for Transactions and Directors in Financially Distressed Businesses (Singapore)
Practical Law UK Practice Note w-039-3383 (Approx. 8 pages)
Risks for Transactions and Directors in Financially Distressed Businesses (Singapore)
by Meiyen Tan and Clare Chia Ming Lee, Norton Rose Fulbright
A Practice Note addressing the legal and practical considerations in Singapore for a company director where that company is in financial distress and may subsequently enter insolvency proceedings. This Note also outlines the types of claims that an official appointed to oversee the insolvency proceedings or represent the creditors' interests, or both, may bring against the company's former directors, or to unwind transactions that took place before any insolvency proceedings.
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Resource ID w-039-3383© 2024 Thomson Reuters. All rights reserved.