Description

This is a series of four workshops on the Insolvency, Restructuring and Dissolution Act 2018 (IRDA) and the developments since the seminal 2017 reforms. IRDA has come into force on 30 July 2020, bringing to fruition the most fundamental reform process to Singapore’s insolvency laws since independence. IRDA is a crucial step to Singapore achieving its objective of helping companies in the region and beyond that are in financial difficulties to restructure and survive.

The second and third workshops are on rescue. The second workshop provides an overview of JM, the traditional Commonwealth scheme and the hybrid scheme, the interactions between them and the interactions between rescue and winding up. It then examines JM in some detail, in particular the new out-of-court JM.

About The Speakers

Wee Meng Seng is an Associate Professor and the Deputy Director and Head (Corporate Law) of the EW Barker Centre for Law & Business at the Faculty of Law, National University of Singapore (NUS), and an editorial member of the Singapore Journal of Legal Studies.  He obtained his LLB from NUS, BCL (First Class) and DPhil from Oxford. He teaches corporate insolvency law and company law. He has published in journals including the SAcLJ, LQR, SJLS and the LMCLQ and chapters in Oxford University Press and Cambridge University Press books.  His writings have been cited by fellow academics, the Singapore Court of Appeal and the Australian Federal Court. He was a member of the Insolvency Law Review Committee and a visiting professor at various law schools.

Widely recognised as one of Singapore’s leading disputes practitioners, Paul has acted as lead counsel in some of the country’s most important and high-profile cases in recent years. Paul also writes on a wide variety of dispute resolution related topics and has contributed to important Singapore publications for litigators. Paul also has a speciality in insolvency and restructuring work, and has advised Singapore’s leading accounting firms and financial institutions in numerous well-publicised insolvencies. In 2017, Paul garnered the Asialaw Asia-Pacific Dispute Resolution Awards’ Disputes Star of the Year award. He was also recognised by the Asian Legal Business as one of “40 Under 40 – Asia’s Brightest Young Legal Minds” in 2015. In 2014, Singapore Business Review ranked him as one of Singapore’s “20 Most Influential Lawyers 40 and Under”. In addition, Paul is ranked as a Recommended Lawyer for Dispute Resolution, and Restructuring and Insolvency by The Legal 500 Asia Pacific, 2017-2020. He is also ranked as a Distinguished Practitioner for Dispute Resolution, and Restructuring and Insolvency by Asialaw Profiles, 2020. This is in addition to Paul being recognised as a Leading Lawyer for Dispute Resolution and Restructuring and Insolvency by Asialaw Profiles, 2017-2019.