Latest News
5 July 2018
Singapore Insolvency Conference 2018

The Law Society of Singapore will be holding the Singapore Insolvency Conference 2018 on 23 and 24 July 2018 at Marina Bay Sands Expo and Convention Centre. 

Last year’s edition saw a record 400 attendees from Singapore, the region (including ASEAN) and around the world. Held once again at the Marina Bay Sands, this year’s conference will adopt a format that facilitates a more interactive and personal learning experience and provides a forum for interdisciplinary discourse.

The Amendments to the Singapore Companies Act came into force on 23 May 2017, heralding a brave new world in corporate reorganisation and rescue in Singapore. Since then, more than 15 new cases have been brought before the Courts based on these new reforms. Singapore’s first “pre-packaged” Scheme of Arrangement was sanctioned by the Court in January 2018. The Court also handed down its first decision on super priority rescue financing. One year on we seek to know where are we and where do we go from here? The omnibus Insolvency Bill which is expected to be unveiled in the second half of 2018 seeks to further enhance Singapore’s status as a leading centre for cross-border debt restructuring.

Registrations received by Monday 9 July will benefit from an early bird discount. Click here to register for the Conference

25 April 2018
The 13th ASEAN Law Association General Assembly and the ASEAN Law Conference

The ASEAN Law Association (ALA) is holding the ASEAN Law Conference in conjunction with the 13th ASEAN Law Association General Assembly to be held in Singapore from 25 – 28 July 2018 at the Raffles City Convention Centre Singapore, 80 Bras Basah Road, Singapore 189560.

The theme of The ASEAN Law Conference is “The Power of ONE: Unlocking Opportunities in ASEAN through Law”. ALA’s vision for the Conference is to create and curate a world-class legal conference focused on thought-leadership issues pertaining to ASEAN, specifically regarding cross-border commercial and legal opportunities and challenges in the ASEAN Economic Community (“AEC”). In line with this vision, luminaries from ASEAN Member States and beyond have been invited to speak at the Conference on topics including the opportunities and challenges in the AEC, free trade agreements and bilateral investment agreements in ASEAN, competition law, disruptive technologies and financial integration. More than 500 legal professionals hailing from the ASEAN Member States and beyond are expected to attend the Conference. For the Singapore legal profession, the Conference has been accredited with 14 CPD Public Points.

The event outline is as follows:

Day 0 - Wednesday, 25 July 2018
Golf Tournament, Satellite Programmes, Welcome Reception

Day 1- Thursday, 26 July 2018
General Assembly Opening Ceremony, Conference Day 1
(4.5 Public CPD Points)

Day 2- Friday, 27 July 2018
Conference Day 2
(6.5 Public CPD Points)

Day 3- Saturday, 28 July 2018
Conference Day 3, Governing Council Meeting, General Assembly Closing Ceremony, Gala Dinner
(3 Public CPD Points)

Registration for the Conference is available online through the Conference website at https://aseanlawconference.com/event-registration.

Register from now till 31 May 2018 to enjoy early bird registration rates.

For more information on the Conference and the programme details, please refer to the  flyer or visit the Conference website at   https://aseanlawconference.com.

Please do not hesitate to contact the event organisers at queries@aseanlawconference.com for queries concerning the Conference.

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.

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.