IWIRC UNCITRAL Committee News Alert
Recently, the Singapore Ministry of Law accepted the recommendations of the Committee to Enhance Singapore’s Corporate Debt Restructuring and Insolvency Framework, which includes the adoption, in its entirety, of the UNCITRAL Model Law on Recognition and Enforcement of Insolvency-Related Judgments as well as the UNCITRAL Model Law on Enterprise Group Insolvency.
Singapore is poised to become the first country in the world to adopt both model laws, marking a significant step in the development of its cross-border insolvency framework. Debby Lim, a member of IWIRC’s UNCITRAL Committee, examines this significant development in Singapore’s insolvency and restructuring landscape in the enclosed UNCITRAL Committee news alert.
7 July 2026_ Article on Model Law Adoption