[Recap] Cross-border Insolvency in Japan and What’s in it for Singapore and Asia

On 20 May, ABLI successfully held its first webinar titled Cross-border Insolvency in Japan and What’s in it for Singapore and Asia in partnership with INSOL International.

Mr Zentaro Nihei from Anderson Mori & Tomotsune introduced Japan’s insolvency regime, both its in-court and out-of-court procedures, to an audience hailing from places including Austria, China, India, Germany, Japan, Malaysia, Singapore, the Netherlands and the UK. Ms Meiyen Tan from Oon & Bazul shared the Singaporean perspective, such as the super-priority rescue financing introduced after the country’s law reform.

The speakers also touched on the recognition of Japanese and Singaporean proceedings overseas and in each other’s jurisdictions. Considering the expected economic downturn as a result of Covid-19, discussions were also had regarding government support for struggling businesses.

ABLI would like to thank the speakers for the many hours they spent for tech and dress rehearsals, our partners for raising awareness of this event, and our wonderful audience for actively posting questions during the session.

We also grateful for the coverage of the webinar by the Global Restructuring Review. The full version of the report is available below.

 

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