Move to streamline insolvency framework

SMU and Insolvency Practitioners Association of Singapore are collaborating to offer a new cross-disciplinary restructuring and insolvency module for undergraduates starting from January 2018. This is to bolster the talent pool that will be in demand as Singapore introduces the Omnibus Insolvency Bill next year, in a bid to boost Singapore’s status as a centre for cross-border debt restructuring. The introduction of the new Bill will help streamline the laws, which are currently found in two separate statutes to provide consistency and clarity.