International Insolvency & Restructuring Report 2025/26: A Singapore Perspective on the Revamped Simplified Insolvency Programme by Drew & Napier

02 Jun 2025

Directors Mohan Gopalan and Mitchell Yeo co-authored the article “Singapore’s Simplified Insolvency Programme 2.0” for the International Insolvency & Restructuring Report 2025/26 published by Capital Markets Intelligence.
 
Originally introduced in 2021 to support micro and small companies affected by the COVID-19 pandemic, Singapore’s Simplified Insolvency Programme has since evolved into a permanent fixture in the country’s restructuring and insolvency framework. In this article, our directors examine how the 2025 legislative amendments have streamlined the programme’s processes and administration, expanded accessibility, and balanced creditor protection with commercial practicality.
 
With key reforms such as a simplified entry process overseen by licensed insolvency practitioners, reduced documentation, and a unified eligibility criterion capped at S$2 million in liabilities, the revamped programme represents a significant shift towards greater efficiency and accessibility for distressed companies. The article also explores enhanced creditor safeguards, including a five-year reapplication bar and streamlined moratorium procedures.
 
The International Insolvency & Restructuring Report 2025/26 features thought leadership from top global practitioners and offers insights into the latest developments in corporate restructuring across key jurisdictions.
 
You may read the full article here.
 
This article was first published in the International Insolvency & Restructuring Report in May 2025. For further insights, visit the publication’s official site.