Keeping ACs Up-To-Date with the New Insolvency Regime
The AC Pit-Stop series is specially designed to help Audit Committee members dive into specific areas of significance. Other board directors and management will also benefit from the AC Pit-Stops. The series is kept focused and concise on specific topics in each session.
The Insolvency, Restructuring and Dissolution Act 2018 was passed by the Singapore Parliament on 1 October 2018. It consolidates Singapore’s current insolvency regime (variously found in the Bankruptcy Act, the Companies Act, and other assorted legislation) into a single Act.
Navigating the new provisions can be daunting. What has changed, and what remains the same? How will the practice of insolvency be impacted? At what point will management / directors become liable for “wrongful trading”?
Mr Jonathan Tang, from Morgan Lewis Stamford LLC, will take you through the material changes to Singapore’s insolvency regime in the new Act. Specifically, he will discuss (i) when and how liability arises under the new “wrongful trading” provision, and what steps directors should take to avoid liability under this provision; (ii) the impact of the new restrictions on ipso facto clauses; and (iii) the new licensing and regulatory regime for insolvency practitioners under the new Act.
CPD Hours : 2
| SID Member: |
S$60.00 (excl. GST) |
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S$64.20 (incl. GST) |
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| Non-SID Member: |
S$90.00 (excl. GST) |
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S$96.30 (incl. GST) |
SID Corporate Member may utilise their complimentary vouchers.
Terms and Conditions for SID Courses/Events
Online registration not available.