The decline in commodity prices has badly impacted the resource and shipping sectors worldwide. There have been a significant number of defaults on bonds listed on the Singapore Exchange, which includes those of many foreign entities. The flip side of having a wall of corporate debt maturing in the next few years for the economy is that there is perhaps quite a bit of debt restructuring work on the horizon. Anticipating this, reforms to enable Singapore to become an international centre for debt restructuring were introduced in the Companies (Amendment) Act 2017, and these came into force in May 2017. This article discusses the likelihood of success of the reforms, which include widening restructuring jurisdiction and introducing some Chapter 11 characteristics, in light of the complexities of cross-border restructuring.