02 February 2021
[WEBINAR] Insolvency for Micro and Small Businesses — Global and Regional Perspectives
ABLI is kicking off its first webinar of the year on 3 March at 3pm (SGT) to discuss insolvency for micro, small and medium-sized businesses ("MSME").
MSMEs represent the vast majority of businesses in most countries. However, most jurisdictions do not provide an attractive insolvency framework for these businesses. With COVID-19 hitting MSMEs the hardest, many countries are accelerating the process of implementing an efficient insolvency framework for them.
Co-organised with the Singapore Global Restructuring Initiative, this webinar will provide an overview of the insolvency reforms for MSMEs happening in various countries globally, including Australia, Myanmar and Singapore. It will also analyse the primary policy recommendations suggested by the World Bank and UNCITRAL, as well as the role of lawyers, mediators, financial advisors and insolvency practitioners in the resolution of a situation of financial distress of MSMEs. Specifically:
- International initiatives for the treatment of MSMEs in insolvency, emphasising on the projects conducted by UNCITRAL and the World Bank
- New simplified insolvency and restructuring procedures for MSMEs in Australia and Singapore
- Insolvency framework for MSMEs in emerging economies: lessons from Myanmar
- Role and challenges of workouts in the context of MSMEs
- COVID-19 on MSMEs: Impact, challenges and strategies for the resolution of financial distress in MSMEs
- Insolvency and MSMEs: The role of lawyers, mediators, insolvency practitioners and financial advisors
The speaker line-up for this webinar includes Scott Atkins, Chair, Head of Risk Advisory and Partner, Norton Rose Fulbright Australia; Aurelio Gurrea-Martínez, Assistant Professor of Law, Singapore Management University and Smitha Menon, Partner, WongPartnership.
Registration is open here. Members of the Singapore Academy of Law can redeem this webinar with their credit dollars here.
This webinar is accredited for one public CPD point for Singapore-admitted lawyers.