DHC Capital advises on the first pre-pack scheme under the Simplified Debt Restructuring Programme
DHC Capital advised Axis Group Asia Pte Ltd on the first “pre-packaged” scheme of arrangement in Singapore under Section 72M of the Insolvency, Restructuring and Dissolution Act 2018. The “pre-packaged” scheme was sanctioned by Court on 28 June 2023. The scheme will become effective upon the Order of Court being lodged with the Accounting and Corporate Regulatory Authority of Singapore (ACRA).
DHC Capital acted as Restructuring Advisor.
About the Simplified Debt Restructuring Programme
The Simplified Debt Restructuring Programme (“SDRP”) is aimed at assisting micro and small companies (“MSCs”) restructure their debt and rehabilitating their businesses via a simpler, faster and lower cost “pre-packaged” scheme of arrangement mechanism.
DHC Capital was selected by the Ministry of Law to be on the Panel of Restructuring Advisors for the provision of case administration services for MSCs undergoing debt restructuring under the SDRP.