Abstract:
The introduction of super-priority rescue financing provisions to Singapore’s insolvency framework adds a further bow to its attractiveness as a restructuring hub. At the same time, these tools open up avenues for abuse and predatory practices, to the detriment of the beleaguered debtor and its other creditors. This article addresses some of these issues in the context of roll-ups and cross-collateralisations, and provides suggestions as to how the rescue financing framework in Singapore may be further strengthened.