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Latest News
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.

21 July 2016
3rd Regional Insolvency Conference

The 3rd Regional Insolvency Conference will be held on 15-16 September 2016. It is jointly organised by Insolvency Practitioners Association of Singapore (IPAS) and the Law Society of Singapore.

Following two successful runs, the Regional Insolvency Conference is back to bring together today’s leading legal, accounting, and financial practitioners, with esteemed panellists comprising members of the judiciary, the accounting and banking profession, and others involved in the area.

As we head into a global economic downturn, businesses around the region are increasingly exposed to cross-border insolvency risk. With amendments to Singapore’s insolvency legislation in sight, and as Singapore looks, for one, to the adoption of the UNCITRAL Model Law on Cross-Border Insolvency, the practice of insolvency has become most relevant to the economy today.

Some of the issues to be discussed at the Conference include:

  • The Role of the Judiciary in Relation to Facilitating and Regulating Cross-Border Insolvency (via a Judicial Colloquium)
  • Civil Law Perspectives on Cross-Border Insolvency (E.g. Continental Europe, Indonesia and China)
  • Common Law Perspectives on Cross-Border Insolvency (E.g. Australia, Singapore, Malaysia and India)
  • Dispute Resolution and Litigation Funding in the Face of Insolvency
  • Financing and Effective Successful Restructuring
  • Singapore as An International Centre for Debt Restructuring

As IPAS is a joint organiser of the Conference, IPAS Fellows and Associates are entitled to preferential rates for the Conference.

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

5 July 2016
SMU CLE Seminar on "Transactional Insolvency – Getting a deal done in the face of Insolvency"

Singapore Management University School of Accountancy/Law (SMU School of Law) will be holding a Seminar on "Transactional Insolvency – Getting a deal done in the face of Insolvency" on 12 August 2016 (Friday), 2.30pm - 5.50pm at Singapore Management University, Lee Kong Chian School of Business Building, Level 2, Seminar Room 2-3, 50 Stamford Road, Singapore 178899.

This seminar will focus on corporate insolvency issues that may arise in transactions, the topics to be considered include improving the positions of unsecured creditors in a company’s insolvency, enhancing the quality of security, helping to ensure bankruptcy remoteness of an SPV (which is often used in securitisations), ensuring that a sale amounts to a “true sale” so as to better withstand insolvency, obtaining financing in the face of insolvency, including contractual provisions to better ensure survival in insolvency, and techniques for ensuring continued workability or survival of transactions entered into.

IPAS is a supporting organisation to the seminar and discounted rates will be offered to IPAS Fellows and Associates attending the seminar.

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

28 June 2016
Ministry of Law (Insolvency Office) Issues Practice Circular No. 1 of 2016

The Ministry of Law (Insolvency Office) has issued the Practice Circular No. 1 of 2016 - Judicial Manager’s Remuneration and Expenses Incurred in Judicial Management. This Practice Circular shall take effect on 1 July 2016.

Please click herefor the Practice Circular No. 1 of 2016.

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.