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Rescue Financing in Singapore
The Insolvency, Restructuring and Dissolution Act 2018 (“IRDA”) was passed by Singapore’s Parliament on 1 October 2018, and came into effect on 30 July 2020. While the IRDA has introduced several new changes to Singapore’s insolvency regime, the IRDA also serves as an “omnibus” legislation that consolidates Singapore’s pre-existing corporate and personal insolvency laws.
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