Latest News
21 February 2018
The Official Receiver Practice Circular No. 2 of 2018 Administration of Compulsory Winding Up Cases Companies (Winding Up) Rules

This Practice Circular reminds liquidators of the need to comply with Rule 103 of the Companies (Winding Up) Rules.

Please click here for a copy of the Official Receiver Practice Circular No. 2 of 2018. It is also available on the Ministry of Law website at www.mlaw.gov.sg/io under Corporate Insolvency > Practice Circulars.

20 February 2018
Global Restructuring Review (GRR) Live Singapore - 7 March 2018

The Global Restructuring Review will be holding a GRR Live Singapore Conference on Wednesday, 7 March 2018 at Maxwell Chambers, 32 Maxwell Road, Singapore 069115.

This half-day event will be chaired by David Zemans and Jacqueline Chan, Milbank, Tweed, Hadley & McCloy. The event will have two sessions and will include the following questions for discussions:

  • To what extent, if any, does the UNCITRAL Model Law assist with the divergence in common law approaches?
  • Is the simplest solution simply to wait for the new Model Law on recognising insolvency judgments?
  • What about the jurisdictions that are unlikely to be party to such a UNCITRAL Model Law, for example Indonesia, China and India?
  • Should foreign courts that take jurisdiction to administer a cross-border restructuring give thought – in deciding jurisdiction– to whether their sanctioned scheme will be usable in the debtor’s home country or the countries where the other creditors are? Or should Singapore just be like the US and not care what happens post the restructuring process?
IPAS is a supporting organisation to this event and 10% discounted rate of £270 will be offered to IPAS Fellows and Associates.

Please click here for further details on the event and how to register.

31 January 2018
The Official Receiver Practice Circular No 1 of 2018 - Administration of Compulsory Winding Up Cases (GIRO Payment)

With effect from 1st February 2018, the Official Receiver will be making payments out of the companies liquidation account by GIRO only. All payment requisition forms submitted to the Official Receiver on and after 1st February 2018 will have to be type-written as well.

Please click here for a copy of the Official Receiver Practice Circular and click here for the revised Payment Requisition Form. It is also available on the Ministry of Law website at www.mlaw.gov.sg under Corporate Insolvency > Practice Circulars.

2 March 2017
The Inaugural Insolvency Stakeholders Lunch held on 23 February 2017

On 23 February 2017, the Supreme Court of Singapore hosted an inaugural lunch for various groups of stakeholders in the insolvency sector.

The lunch was attended by a total of 40 guests from the judiciary, local and international law firms, the Law Society of Singapore, the Insolvency Practitioners Association of Singapore Limited, the Ministry of Law, the Insolvency & Public Trustee’s Office, the Monetary Authority of Singapore, the Accounting and Corporate Regulatory Authority, the Singapore Exchange Limited, the National University of Singapore and the Singapore Management University.

By bringing together different stakeholder groups, the lunch enabled an effective discussion of new initiatives and issues concerning the insolvency sector. The success of the lunch has led to plans for such a lunch to be held approximately once every six months, with the different stakeholder groups taking turns to host. The next lunch will be organised by the Law Society of Singapore. This will allow the insolvency sector to better communicate and forge stronger ties, thus leading to greater collaboration within the sector.

To view the lunch photos, please click here

12 January 2017
Revision of Administration Fee as Prescribed Under the Fees (Winding Up and Dissolution of Companies and Other Bodies) (Amendment) Order 2017

With effect from 3rd January 2017, the Fees (Winding Up and Dissolution of Companies and Other Bodies) (Amendment) Order 2017 will come into effect. A copy of the Order published in the Gazette is enclosed for your reference. The Official Receiver Practice Circular No. 1 of 2017 which summaries the revised administration costs is enclosed for your ease of reference.

Chairman's Welcome Message
2 November 2006

A Warm Welcome

On behalf of the Board of Directors of the Insolvency Practitioners Association of Singapore Limited (IPAS), I am pleased to launch this informational website in conjunction with the Official Launch of IPAS.

It is our hope that this website will serve as a portal for insolvency information – to communicate important developments and issues impacting our fellows, associates, practitioners in general and other industry stakeholders, as well as to update the industry of our networking, continuing education and training events.

Of course, as IPAS and the industry develop, so would the features and resources available on our website. Feel free to browse the site and let us hear from you on any ideas and suggestions you may have. We value the feedback and contributions of our members in enhancing the relevance and usefulness of our website and making it an important port-of-call for the industry.

Don Ho
Chairman & Director (2006-2013)
Insolvency Practitioners Association of
Singapore Limited

Invitation to Join IPAS

IPAS aims to be the premier professional body for the insolvency profession in Singapore.

We take this opportunity to invite you to apply to be an Associate or a Fellow of IPAS.

An Associate or Fellow of the association may describe himself as an Associate of the IPAS or Fellow of IPAS and may use, after his name, the initials AIPAS or FIPAS as the case may be.

Your Feedback

We welcome feedback and contributions from members via e-mail at ipas.secretariat@isca.org.sg.