SMU-IPAS Advanced Certificate in Insolvency and Restructuring Module 2: Formal Restructuring Options
About This Course
Singapore's corporate insolvency law landscape may be broadly divided into: (i) winding up; and (ii) rehabilitative procedures, comprising the judicial management procedure and schemes of arrangement.
This module covers two formal restructuring options, namely Schemes of Arrangement (SOA) and Judicial Management (JM). It will bring participants through the main features of each formal restructuring option, their key statutory requirements, critical components of crisis stabilisation in JM and SOA, the practical and legal aspects of designing a Scheme or Statement of Proposal and the considerations made by various stakeholders (e.g., lenders, insolvency practitioners, lawyers, the debtor-company, creditors, and the Court) in formal restructuring cases, thereby preparing them to navigate through JM and SOA cases in their various roles.
What You'll Learn
• Identify the pros and cons of each restructuring option in Singapore
• Understand the key statutory requirements and mechanisms for Scheme of Arrangement and Judicial Management under the Insolvency, Restructuring and Dissolution Act 2018 (touching on briefly other legislation that could impact such regimes such as those of the Electricity Act, the Banking Act and the Gas Act)
▪ Understand what operational and financial restructuring are, their objectives and when they may be considered
▪ Understand the crucial considerations of Crisis Stabilisation, steps involved and its key steps
▪ Identify the key considerations driving the decision in selecting which restructuring option to go for
▪ Identify the key elements to successful formal restructuring
▪ Understand some key challenges in structuring the Scheme or Statement of Proposal
Entry Requirements
Participants should preferably be a degree holder, in any discipline, and have at least one year of working experience.