Tuesday 24 November 2020
Moderator: Boon Heng TAN, Insolvency & Public Trustee’s Office of Singapore
Angela Crossley, The Insolvency Service, UK
Thea Eszenyi, Australian Securities & Investments Commission
Susana Hidvegi, Superintendencia de Sociedades, Colombia
Allen LYE, Insolvency & Public Trustee’s Office of Singapore
Beverly WEE, Insolvency & Public Trustee’s Office of Singapore
This round table will provide snapshots of the various emergency insolvency relief measures that have been implemented (or are being implemented) in Australia, Colombia, Singapore and UK to help individuals and business entities facing financial distress due to the Covid-19 fallout. The panellists will share how these new relief measures are working in practice as well as how the insolvency systems in their respective jurisdictions are holding up under the increased pressure resulting from the Covid-19 pandemic. Participants may be able to glean from the four jurisdictions the common relief features adopted (not surprisingly), and could therefore find the round table relevant and helpful to your respective jurisdictions too.
You may find the following reports helpful as background to the discussions:
Singapore
Insolvency Restructuring and Dissolution (Amendment) Bill
Simplified restructuring programme for micro and small companies
Sole Proprietors and Partnerships (SPP) Scheme launched to help businesses in financial distress
Simplified winding up programme for micro and small companies
UK
Corporate Insolvency and Governance Bill 2020: factsheets
Corporate Insolvency and Governance Act 2020