Schemes of arrangement as a corporate rescue mechanism: The Singapore experience |
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| Authors: | Tracey Evans Chan |
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| Affiliation: | 1. Faculty of Law, National University of Singapore, Singapore;2. Assistant Professor. |
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| Abstract: | This paper reviews the use of schemes of arrangement (SOA) in Singapore as a corporate rescue mechanism, and argues that a number of features have contributed to its emergence as a de facto debtor‐in‐possession regime. It also offers some suggestions on how this organic process can be further enhanced without unduly prejudicing the interests of stakeholders. Copyright © 2009 John Wiley & Sons, Ltd. |
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