Launch of INSOLTech
INSOLTech was officially launched at INSOL International’s London Conference 2022. It supports INSOL’s Strategic Plan by focusing on key digital and technological disruptive trends that affect restructuring and insolvency processes in practice, and aims to steer and shape future directions for law reform, policy development, and the exchange of ideas.
Early ‘4IR’ Initiatives
In 2021–2022, the INSOL International Academic Group in collaboration with the INSOL Asia Hub, Singapore Management University, and the Singapore Global Restructuring Initiative organised a series of ‘4IR’ webinars and a masterclass on topics such as cryptocurrency, AI, and smart contracts.
Summary reports prepared from these events captured the key themes and perspectives at the intersection of technology, restructuring, and insolvency, and provided the background for the INSOLTech Roundtable in 2022.
Reports on topics covered by the 4IR initiatives:
AI and Insolvency
Cryptocurrencies and Insolvency
Decentralised Finance, Smart Contracts and the Future of Lending Markets
Torque-ing Coins: A Look Into Recent Cryptocurrency Collapses
INSOLTech Round Table 2022
The INSOLTech Round Table, co-organised with the Singapore Global Restructuring Initiative, took place on 16 November 2022 in Singapore. Participation was by invitation only to ensure a practical, candid exchange between academics, policy makers, judges, regulators, and practitioners experienced in the intersection of technology with insolvency and restructuring law.
Crypto Insolvencies Projects
A significant area of focus for INSOLTech has been its participation, through INSOL Asia Hub in an international research initiative on Crypto Insolvencies, led by Professor Rebecca Parry (Nottingham Trent University).This project conducted in collaboration with the Istanbul Bar Association comprised a 2 day in person conference at Nottingham Trent University and 3 workshops (2 online ), examining the legal and practical challenges that arise when dealing with crypto assets in insolvency. It brought together academia , practitioners , and regulators from multiple jurisdictions to exchange perspectives. The Asia Hub participated in both the in-person and online sessions. A report summarising the project’s findings and recommendations, with a focus on practical guidance for those dealing with crypto insolvencies, is available along with related materials .
View Report on Crypto-Insolvencies.com (External Link)
INSOLTech continues its participation with Professor Parry’s work on cryptocurrencies and insolvency frameworks , with INSOL supporting an application in collaboration with the University of São Paulo for a 3-year project planned to begin in 2026. This project will develop:
- A legislative guide on crypto insolvency laws
- A verification system for crypto businesses, building on the insights and partnerships established in the first project.
The guide aims to provide practical tools for regulators, courts, and practitioners worldwide.
INSOLTech Committee
Formed in August 2023, the Committee was established to provide direction for INSOLTech’s work, identify research priorities, and foster collaboration between the technology and insolvency communities. It also serves as a platform for engaging regulators, stakeholders, and experts at the intersection of technology and restructuring.