NO&T Asia Legal Review
Introduction
The Insolvency, Restructuring and Dissolution Act 2018 (the “IRDA”), together with its 48 related pieces of subsidiary legislation, came into effect on 30 July 2020 in Singapore. The IRDA was first passed by the Singapore Parliament on 1 October 2018 – an omnibus legislation intended to consolidate Singapore’s personal and corporate insolvency and debt restructuring laws. Before 30 July 2020, the insolvency framework for companies was largely set out in the Companies Act (Cap. 50), while the bankruptcy regime for individuals was found in the Bankruptcy Act (Cap. 20). Relevant provisions from the Companies Act and the entire Bankruptcy Act have since been repealed. The IRDA also updates relevant laws to be aligned with international best practices. We discuss some of the notable changes introduced by the IRDA below.
(January 2025)
Makoto Ito
(December 2023)
Kei Asatsuma, Tomohiro Okawa (Co-author)
(November 2022)
Kei Asatsuma, Tomohiro Okawa (Co-author)
Yosuke Kanegae
Rashmi Grover
Poonyisa Sornchangwat, Kwanchanok Jantakram (Co-author)
Yoichi Maekawa
Kara Quek, Kennosuke Muro (Co-author)
Rashmi Grover
Poonyisa Sornchangwat, Kwanchanok Jantakram (Co-author)
Yoichi Maekawa
Kara Quek, Kennosuke Muro (Co-author)
Kara Quek, Kennosuke Muro (Co-author)
Annia Hsu, Kennosuke Muro (Co-author)
Claire Chong, Kennosuke Muro (Co-author)
Bertrice Hsu, Yuji Ibaraki (Co-author)
