Micro, small and medium-sized enterprises (MSMEs) represent the vast majority of businesses in most countries. Despite their economic relevance, most jurisdictions do not provide an attractive insolvency framework for MSMEs. With COVID-19 hitting MSMEs the hardest, many countries are accelerating the process of implementing an efficient insolvency framework for these businesses.
Organised by the Asian Business Law Institute and 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
SPEAKERS
Scott Atkins (Sydney, Australia)
Chair, Australia; Head of Risk Advisory, Australia; Partner, Norton Rose Fulbright Australia
Aurelio Gurrea-Martínez (Singapore)
Assistant Professor of Law, Singapore Management University
Smitha Menon (Singapore)
Partner, WongPartnership
Please click HERE to view speaker bios.
PROGRAMME
3.00pm: Webinar (log-in from 2:45pm)
4.00pm: Question and Answer
4.15pm: End of Webinar
ORGANISED BY
SILE CPD ACCREDITED ACTIVITY
Public CPD Point: 1
Practice Area: Corporate/Commercial
Training Level: General
SILE Attendance Policy
Participants who wish to obtain CPD Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes logging in at the start of the webinar and logging out at the conclusion of the webinar in the manner required by the organiser, and not being away from the entire activity for more than 15 minutes. Participants who do not comply with the Attendance Policy will not be able to obtain CPD Points for attending the activity. Please refer to http://www.sileCPDcentre.sg for more information.
