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We are pleased to bring to you the SAL Journal’s special issue on insolvency law. This issue features articles on: (a) the recent PRC Enterprise Bankruptcy Law and the issues which have developed since its enactment; (b) insolvent banks and the financial safety sector net, with particular attention to the Northern Rock crisis in the UK; (c) the current state of play under English choice of law rules in insolvency transaction avoidance; (d) the duty to maintain equality in collective creditor actions; (e) corporate rescue law in Singapore and the appropriateness of Chapter 11 of the US Bankruptcy Code as a model; (f) the process of transition in personal insolvency law in English law and the lessons which may be drawn by other jurisdictions from this pattern of evolution; (g) how the remedy of discharge by certificate of the Official Assignee was conceived, drafted and successfully implemented in Singapore; (h) the status of an insolvent company’s encumbered assets under the laws governing property and insolvency; (i) the key features of the debt repayment scheme and other related debt rehabilitation models in various jurisdictions that help wage-earner debtors with relatively small debts to avoid bankruptcy; and (j) the duties of good faith and care owed by a mortgagee and a receiver to the mortgagor and suggestions where Singapore should depart from English law.
Author(s)/Editor(s)/Contributor(s): Gerard McCormack (guest editor)
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