Abstract:
This article outlines the growth of the Singapore International Commercial Court (“SICC”) as a forum of choice for debtors and creditors in international restructuring matters in the Asia-Pacific region. The authors also discuss the opportunities for greater convergence in procedural and substantive insolvency laws in the region in the future, via judicial diplomacy activities and the promotion of soft law frameworks such as the Asian Principles of Business Restructuring. This could lay the foundation for a future regional insolvency court, with the SICC ideally placed to function as the seat of that court.