This paper will compare the contract laws of Singapore and Taiwan in the following areas: (1) the extent to which contractual performance interest is protected; and (2) how remedies of breach of contract are justified and awarded.
Amendments to the Companies Act: Debt Restructuring and Judicial Management Rules
Following several proposals made by the Committee to Strengthen Singapore as an International Centre for Debt Restructuring (“the Committee”), the Ministry of Law introduced new provisions to the Companies Act (“CA”). These changes improve the legal framework for undertaking major debt restructurings in Singapore and make it easier for foreign companies to access the procedures for debt restructuring.
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