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Rescue Financing in Singapore: Navigating Uncharted Waters

Ajinderpal Singh & Adriel Chioh

[2020] SAL Prac 1

Rescue financing is a relatively novel concept to Singaporean insolvency practitioners. Few applications have been made since its introduction in 2017 and there remains much uncharted territory to be covered. However, Singaporean insolvency practitioners can look to the Americans’ history and experience with debtor-in-possession (“DIP”) financing for guidance and illumination. This article looks at the nascent state of rescue financing jurisprudence in Singapore, the Americans’ history and experience with DIP financing, and some key lessons for our local jurisprudence.